Cattle futures watching cash trade

At the Chicago Mercantile Exchange, live cattle were lower, and feeders were mostly higher waiting for direct markets to develop.  June live cattle closed $.45 lower at $163.87 and August lives closed $.27 lower at $162.47.  August feeder cattle closed $.42 higher at $231.47 and September feeder cattle closed $.47 higher at $234.32. 

It was another quiet day for direct cash cattle business.  Bids didn’t surface.  Early asking prices were floated at $172 live in the South, while nothing was established out of the North. 

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