At the Chicago Mercantile Exchange, live and feeder cattle futures closed higher ahead of the week’s direct business. October live cattle closed $1 higher at $105.85 and December live cattle closed $.62 higher at $104.67. October feeder cattle closed $.87 higher at $135.17 and November feeder cattle closed $1.60 higher at $133.90.
Another relatively quiet day for direct cash cattle trade activity. A few scattered bids surfaced on Wednesday at $104 live in the South and $103 live and $160 dressed in Nebraska.
