Cattle, hog futures lower at midweek

At the Chicago Mercantile Exchange, live and feeder closed lower watching corn and waiting for the rest of the week’s direct cash business develop. June live cattle closed $1.22 lower at $135.02 and August live cattle closed $1.22 lower at $135.02.  Mya feeder cattle closed $3.37 lower at $157.35 and August feeder cattle close $4.20 at $168.95. 

There were just a handful of direct cash cattle trades reported on Wednesday.  Dressed deals in Nebraska were at $230.  Those are marked for delayed delivery.  Live deals in Iowa at $146.

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