At the Chicago Mercantile Exchange, live cattle closed mixed and feeder cattle ended the day higher watching direct business develop. February lean hogs closed $.22 lower at $112.25 and April lean hogs closed $.17 lower at $117.47. January feeder cattle closed $.35 higher at $133.57 and March feeder cattle closed $.35 higher at $134.32.
A light to moderate direct cash cattle trade was reported on Wednesday. Deals in the South were at $108 to $111 live, mostly $110 to $111, which is $1 to $2 lower than last week’s weighted averages.