Cattle futures higher ahead of direct business

At the Chicago Mercantile Exchange, live and feeder cattle ended the day higher waiting for direct business to develop.  August live cattle closed $.72 higher at $173.92 and October lives closed $.55 higher at $177.02.  August feeder cattle closed $1.40 higher at $240.45 and September feeders closed $1.32 higher at $243.40. 

It was a quiet Tuesday for direct cash cattle business.  Bids and asking prices did not surface.  There were a handful of sales reported in the North, but prices were not given and it was nowhere near enough business to establish a trend. 

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