At the Chicago Mercantile Exchange, live and feeder cattle were lower, watching direct business develop. April live cattle closed $1.10 lower at $184 and June lives closed $1.42 lower at $181.12. March feeders closed $1.77 lower at $246.22 and April feeders closed $2.15 lower at $249.60.
A light to moderate direct cash cattle trade took place on Wednesday. Live deals in the South were marked at $180, $2 lower than the previous week’s weighted averages.
