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Cattle futures lower waiting on direct cash business

At the Chicago Mercantile Exchange, live cattle were mostly lower, and feeders were lower, waiting for direct cash business to develop.  October live cattle closed 42 cents lower at $145.87 in December live cattle closed $.32 lower $150.75. October feeder cattle closed $.80 lower at $179.22 and November feeder cattle close $0.95 lower at $180.32.

Another really quiet day for direct cash cattle trade activity.  There were just a handful of deals reported in Nebraska and Iowa at $226 dressed, still not enough to establish an accurate trend for the week. 

Cattle futures lower waiting on direct cash business

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