Live cattle mixed as markets wait for direction

At the Chicago Mercantile Exchange, live cattle were mixed, and feeders were lower waiting for direct cash business to develop.  June live cattle closed $.95 higher at $164.82 and Auguste lives closed $.65 higher at $163.12.  August feeder cattle closed $.32 lower at $231.15 and September feeders closed $.37 lower at $233.95.

While packer inquiry improved throughout the day Wednesday, direct cash cattle business remained relatively quiet.  Bids were at $167 to $177 live and $280 to $282 dressed. 

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