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Cattle futures watching direct business unfold

At the Chicago Mercantile Exchange, live cattle were mixed adjusting spreads and feeders were lower watching direct cash business unfold and the lower boxed beef.  August lives closed $.02 higher at $135.75 and October lives closed $.22 higher at $141.32.  August feeder cattle closed $.92 lower at $177.82 and September feeders closed $.82 lower at $180.97.

There was another round of light direct cash cattle trade reported on Wednesday.  Deals in Nebraska were at $140 to $142 live and $227 to $228, mostly $227 dressed. 

Cattle futures watching direct business unfold

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