At the Chicago Mercantile Exchange, live cattle closed mostly lower, and feeders were lower ahead of the week’s direct cash business. February live cattle were unchanged at $157.75 and April lives closed $.32 lower at $161.32. March feeder cattle closed $.95 lower at $185.55 and April feeder cattle closed $.95 lower at $189.57.
Wednesday was another slow day for direct cash cattle business. While packer inquiry did improve, significant trade volume will likely be delayed until sometime Thursday or Friday.