Cattle futures supported by strong cash trade

At the Chicago Mercantile Exchange, live and feeder cattle ended the day higher, supported by this week’s stronger cash business.  June live cattle closed $0.57 higher at $136.87 August live cattle closed $1 higher at $138.65 and May feeder cattle closed a dollar two higher at $161.95 August feeder cattle closed $.67 higher at $174.42.

There was a light to moderate direct cash cattle trade that took place on Wednesday.  Deals in the South were at $139 live, fully steady with Tuesday’s business and last week’s weighted averages. 

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