Chicago Mercantile Exchange live and feeder cattle futures were sharply higher, supported by cash and wholesale business, waiting for the rest of the week’s direct trade. Feeders picked up additional support from the modestly lower move in corn. December live was $2.50 higher at $137.90 and February was up $1.45 at $140.87. January feeders were $2.55 higher at $166.92 and March was up $2.22 at $167.90.

Direct cash cattle trade was active by Wednesday afternoon.

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