Cattle futures supported by boxed beef strength

At the Chicago Mercantile Exchange, live and feeder cattle were higher ahead of the week’s direct cash business with some additional support in the strength in boxed beef prices.  June live cattle closed $.62 higher at $165.20 and August lives closed $.45 higher at $163.85.  May feeder cattle closed $1.25 higher at $211.52 and August feeders closed $.62 higher at $231.57.

Thursday got off to a slow start for direct cash cattle trade activity. 

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