August CME live cattle was supported by higher cash cattle price sentiment amid strong wholesale beef demand and tight supplies, said analysts and traders.
Remaining cattle months wilted on profit taking and as a few traders adjusted positions before Friday's U.S. Department of Agriculture monthly cattle-on-feed report.
Analysts expect the data to show a big jump in the number of cattle placed into feedlots from June to July as the drought in the Midwest spread.
Spot August closed up 0.125 cent, or 0.10 percent, at 122.050 cents per lb. Most-actively traded October ended down 0.250 cent, or 0.20 percent, to 126.650 cents.
Cash cattle bid stood at $117 to $118 per cwt against $122 to $124 asking prices.
The wholesale choice beef price Wednesday morning was estimated at $191.10 per cwt, up $1.89 cents from Tuesday and the highest since $192.65 on July 6, according to USDA.
Feeder cattle futures closed lower as corn prices resumed their upward climb, curbing demand from feedlots for younger cattle.
Spot August feeder cattle closed down 0.850 cent per lb, or 0.59 percent, to 142.075 cents. Most-actively traded September closed at 144.475 cents, down 0.525 cent or 0.36 percent.