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Cattle futures supported by higher cash business

At the Chicago Mercantile Exchange, live and feeder cattle ended the day higher, supported by stronger cash trade.  October live cattle closed $1.30 higher at $144.47 and December live cattle closed $1.05 higher at $150.70.  September feeder cattle closed $2.50 higher at $185 and October feeders closed $1.60 higher at $187.17. 

There was a light to moderate round of direct cash cattle business that took place on Wednesday.  Deals in the North were at $228 to $229 dressed, about $1 to $2 higher than last week’s weighted average basis in Nebraska. 

Cattle futures supported by higher cash business

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