Cattle futures sharply higher ahead of the week’s direct busines

Cattle futures sharply higher ahead of the week’s direct busines

At the Chicago Mercantile Exchange, live and feeder cattle were up sharply, waiting for the week’s direct business to develop. June live cattle closed $2.60 higher at $178.17 and August live closed $2.72 higher at $176.12.  August feeder cattle closed $4.32 higher at $255.67 and September feeder cattle closed $4.40 higher at $256.62. 

Direct cash cattle trade activity was sluggish again Tuesday.  Showlists this week were higher across all major feeding areas.  Bids and asking prices didn’t surface. 

    

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