Chicago Mercantile Exchange live cattle futures were firm and feeders were weak, waiting for the week’s direct business. June live was up $.07 at $160.30 and August was $.20 higher at $159.97. May feeders were down $.17 at $202.10 and August was $.27 lower at $219.22.
Direct cash cattle business remained slow on Wednesday. A few bids came up in parts of the South, but were a couple dollars below current asking prices of around $170 in Kansas and Texas, but not fully established in Nebraska and Iowa, best guesses are that dressed prices will start out around $272-plus.
