At the Chicago Mercantile Exchange, live and feeder cattle were up ahead of widespread direct business and Friday’s USDA cattle on feed report. June live cattle closed $1.20 higher at $184.17 and August live cattle closed $1.25 higher at $181.67 and August feeder cattle closed $3.07 higher at $262.90 and September feeders closed $2.62 higher at $263.75.
Direct cash cattle trade activity was relatively quiet again Wednesday. There were a few deals reported in Kansas at $187 live, but it wasn’t enough to establish an accurate price trend.
