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Cattle futures higher waiting for direct cash business to develop

At the Chicago Mercantile Exchange, live and feeder cattle were higher ahead of the week’s direct cash business.  October live cattle closed $.17 higher at $145.85 and December lives closed $.30 higher at $151.50.  September feeder cattle closed $1.65 higher at $187.12 and October feeders closed $1.52 higher at $189.55. 

DiDirect cash cattle trade activity was relatively slow on Wednesday.  There was some scattered trade reported throughout cattle country, but not near enough to establish a trend. 

Cattle futures higher waiting for direct cash business to develop

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