Cattle futures supported by higher boxed beef

Cattle futures supported by higher boxed beef

At the Chicago Mercantile Exchange, live and feeder cattle ended the day higher, supported by the higher boxed beef during the session.  August live cattle closed $1.57 higher at $134.50 and October live cattle closed $1.47 higher at $139.95.  August feeder cattle closed $.60 higher at $173.30 and September feeder cattle higher at $.97 higher at $177.07. 

It was another sluggish day for direct cash cattle trade activity.  The lone bid to surface was in Iowa at $148 live. 

    

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