Live cattle, hog futures start the week higher

At the Chicago Mercantile Exchange, live cattle closed higher, and feeders were lower, watching corn and direct cash business.  June live cattle closed $1.10 higher at $133.17 and August live cattle closed $1.55 higher at $133.90.  August feeder cattle closed $.60 lower at $167.42 and September feeders closed $.62 lower at $170.05. 

It was a relatively quiet start to the week for direct cash cattle trade. There were a handful of live deals reported in parts of Iowa at $142, but not near enough to establish a trend.   

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