Cattle futures up on week’s beef trend

Chicago Mercantile Exchange live and feeder cattle were higher, supported by the recent trend in beef. April live was up $1.40 at $137.30 and June was $.50 higher at $132.95. March feeders were $1.62 higher at $153.27 and April was up $1.72 at $157.97.

Direct cash cattle markets were quiet. The week’s business was light to moderate, mainly at $138 on the live basis, down $2 from the previous week, and $220 dressed, $4 lower.

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