At the Chicago Mercantile Exchange, live and feeder cattle were sharply lower ahead of the week’s direct business. June live cattle closed $1.12 lower at $173.95 and August lives closed $2.00 lower at $171.10. August feeders closed $3.75 lower at $251.71 and September feeders closed $3.87 lower at $252.60.
Direct cash cattle trade was quiet again Wednesday. Bids have been elusive. Asking prices in the South were at $185 to $186 live, while the North remained quiet.
