Cattle futures supported by stronger cash trade

At the Chicago Mercantile Exchange, live and feeder cattle ended the day higher, watching direct cash business develop.  August live cattle closed $3.40 higher at $137.52 and October live cattle closed $2.67 higher at $142.75.  August feeder cattle closed $3.20 higher at $175.65 and September feeder cattle closed $2.50 higher at $177.25. 

A light to moderate trade has developed across all parts of cattle country on Wednesday.  Live deals were at $136 in the South, $1 higher than last week’s weighted averages. 

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