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Cattle futures higher heading into Friday

At the Chicago Mercantile Exchange, live and feeder cattle ended the day higher, supported by follow-through buying.  August live cattle closed $1.22 higher at $134.12 and August feeder cattle closed $3.22 higher at $172.95. 

A very light, scattered direct cash cattle trade took place on Thursday.  Dressed deals in Nebraska were at $222 and live deals in Iowa at $141.50.  While the bulk of the week’s business is likely wrapped up in the South, more trade is still expected to take place in the North.