At the Chicago Mercantile Exchange, live and feeder cattle were pressured by the drop in boxed beef, waiting for direct business to develop. June lives closed $1.15 lower at $176.47 and August lives closed $1.30 lower at $174.22. August feeders closed $2.02 lower at $252.40 and September feeders closed $2.05 lower at $253.40.
Direct cash cattle trade activity was quiet for the most part Wednesday. Bids have been slow to surface this week.
