At the Chicago Mercantile Exchange, live and feeder cattle were higher ahead of the week’s direct business. Feeders had additional support from the lower move in corn. June live cattle closed $.05 higher at $175.37 and August live cattle closed $.75 higher at $173.52. May feeder cattle closed $2.27 higher at $242.55 and August feeder cattle closed $2.17 higher at $254.30.
It was another sluggish day for direct cash cattle business. Bids were few and far between at $180 live in Texas and $290 to $291 dressed in Nebraska.
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