Cattle futures higher waiting on cash business

Cattle futures higher waiting on cash business

At the Chicago Mercantile Exchange, live and feeder cattle were higher, waiting for widespread direct business to develop and the sharply higher trend in boxed beef. June live cattle closed $.77 higher at $179.02, and August live cattle closed $.85 higher at $177.37. August feeder cattle closed $1.47 higher at $257.35, and September feeders closed $1.45 higher at $258.40. 

Direct cash cattle trade was relatively quiet again on Thursday.  Asking prices were at $186 to $187-plus live in the South, and $300 dressed in the North. 

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