Cattle futures lower at midweek

At the Chicago Mercantile Exchange, live and feeder cattle are lower, waiting for the rest of the week’s direct business to develop. June live cattle closed $1.50 lower at $131.50 and August live cattle closed $1.77 lower at $131.70.  August feeder cattle closed $.97 lower at $165.80 and September feeder cattle closed $.77 lower at $168.45. 

There was some very light, scattered direct cash cattle trade on Wednesday.  Dressed deals in Nebraska were at $227, fully steady money with Tuesday’s business. 

…