Chicago Mercantile Exchange live and feeder cattle futures were lower on profit taking, getting ready for the week’s widespread direct cash cattle business. October live was down $1.42 at $180.05 and December was $1.65 lower at $184.22. September feeder cattle were $1.40 lower at $252.62 and October was down $1.52 at $255.22.
Direct cash cattle trade was sluggish on Wednesday. There were a few bids on the table in parts of Nebraska at $290, but were passed.