Cattle futures supported by higher cash business

At the Chicago Mercantile Exchange, live and feeder cattle were supported by the week’s stronger direct cash cattle business.  June live cattle closed $2.05 higher at $138.62 and August live cattle closed $1.97 higher at $140.15.  May feeder cattle closed $1.70 higher at $162.47 and August feeder cattle closed $2.202 higher at $173.47. 

There was a very light, scattered direct cash cattle trade reported on Wednesday’s following Tuesday’s active day.  At a Nebraska regional, live deals were marked at $146 and dressed business at $236. 

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