Cattle futures supported by strong cash business

At the Chicago Mercantile Exchange, live and feeder cattle ended the day higher watching direct cash business develop at solidly higher prices.  June live cattle closed $1.82 higher at $166.10 and August lives closed $1.55 higher at $164.12.  August feeder cattle closed $1.05 higher at $234.52 and September feeder cattle closed $.87 higher at $237.62. 

It was an active day for direct cash cattle business.  Live deals in the South were at mostly $171, steady in Kansas and $1 higher in Texas than the previous week’s business. 

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