At the Chicago Mercantile Exchange, live cattle were lower, and feeders were mixed ahead of widespread direct cash business and Friday’s On Feed numbers from the USDA. June lives closed $1.60 lower at $163.60 and August lives closed $1.30 lower at $162.75. May feeders closed $1.02 lower at $210.47 and August feeder cattle closed $.70 higher at $226.77.
There was a light to moderate direct cash cattle trade that took place on Wednesday.