Live cattle futures lower ahead of direct cash business

Live cattle futures lower ahead of direct cash business

At the Chicago Mercantile Exchange, live cattle closed lower waiting for direct business to develop and feeder cattle closed mostly higher, supported by the lower move in corn.  April live cattle closed $1.50 lower at $139.35 and June lives closed $1.27 lower at $135.52.  April feeder cattle closed $.02 higher at $162.62 and May feeder cattle closed $.02 lower at $167.27. 

Direct cash cattle trade has been relatively quietly through midweek.  A little scattered trade was reported across several areas with live deals at $138 and dressed trade at $222.

    

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