Direct cattle prices down on week

Chicago Mercantile Exchange live cattle futures were down and feeders were mostly lower, watching direct cash business. That business during the session was light, with prices below week ago levels. The USDA did raise its 2022 beef production and price outlooks Wednesday in the monthly supply and demand report. April live was down $1.47 at $137.57 and June was $1.50 lower at $133.95. March feeders were the exception, up $.02 at $154.05, and April was down $.17 at $160.15.

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