Cattle futures supported by early cash business

At the Chicago Mercantile Exchange, live cattle were higher and feeders were mostly higher, supported by the strength in cash business and higher boxed beef prices during the session.  June live cattle closed $1.50 higher at $136.30 and August live cattle closed $1.02 higher at $137.65.  May feeder cattle closed $1.02 higher at $160.92 and August feeder cattle closed $.45 higher at $173.75. 

There was a light direct cash cattle trade that developed on Tuesday.  

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