Cattle futures supported by drop in corn

At the Chicago Mercantile Exchange, live and feeder cattle ended the day higher with feeders leading the way on the drop in corn.  August live cattle closed $2.67 higher at $177.17 and October lives closed $1.87 higher at $179.55.  August feeders closed $5.20 higher at $247.57 and September feeders closed $5.02 higher at $250.82.

There was another light round of direct cash cattle business on Friday.  Deals in Nebraska were at $182 to $183 live and $288 to $290 dressed. 

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