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Cattle futures higher ahead of widespread direct business

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At the Chicago Mercantile Exchange, live and feeder cattle were higher watching corn, and waiting for the week’s direct cash business to develop.  October live cattle closed $.80 higher at $181.30 and December lives closed $.95 higher at $185.55.  September feeders closed $1.55 higher at $251.65 and October feeders closed $1.57 higher at $253.42. 

Direct cash cattle trade was relatively quiet again on Thursday.    Bids and asking prices did finally surface.  Bids were at $175 live in the South and $290 to $292 dressed in the North. 

Cattle futures higher ahead of widespread direct business

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