Cattle futures waiting for cash trade to develop

At the Chicago Mercantile Exchange, live cattle are mostly higher waiting for direct business to develop and feeder cattle are mixed adjusting spreads.  April live cattle closed $.52 higher at $140.85 and June live cattle closed $1.10 higher at $136.80.  April feeder cattle closed $.20 higher at $162.60 and May feeder cattle closed $.15 lower at $167.30. 

It was another quiet day for direct cash cattle trade activity.  A few early asking prices did surface at $142 live in the South, while the North was quiet. 

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