Live cattle futures higher ahead of Friday’s On Feed numbers

At the Chicago Mercantile Exchange, live cattle were mostly higher watching this week’s direct cash business unfold. Boxed beef was higher at midday.  Feeder cattle are mixed adjusting spreads.  Traders are also looking ahead to Friday’s On Feed numbers from the USDA.  April live cattle were unchanged at $139.42 and June liv cattle closed $.27 higher at $135.97.  April feeder cattle closed $1.20 higher at $161.77 and May feeder cattle closed $.37 higher at $165.80. 

It was an active Wednesday for direct cash cattle trade. 

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