Cattle futures gain ahead of direct business

Chicago Mercantile Exchange live and feeder cattle futures were sharply higher, with boxed beef up at midday, getting ready for the week’s direct business. April live was up $2.12 at $137.90 and June was $1.40 higher at $133.92. March feeders were $1.47 higher at $154.60 and April was up $2.42 at $159.67.

Direct cash cattle markets were quiet. This week’s show list looks mixed, higher in Kansas, but lower in Texas, Colorado, and Nebraska.

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