At the Chicago Mercantile Exchange, live and feeder cattle closed higher, waiting for direct business to develop. Feeder cattle found additional support from the day’s lower move in corn. December live cattle closed $.20 higher at $111.37 and February live cattle closed $.22 higher at $114.17. January feeder cattle closed $1.57 higher at $140.17 and March feeder cattle closed $1.15 higher at $139.27.
There was a very light, scattered direct cash cattle trade reported on Wednesday.