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Cattle futures supported by cash optimism

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At the Chicago Mercantile Exchange, live and feeder cattle were higher with optimism about this week’s cash business, feeders had additional support from the lower move in corn. June live cattle closed $0.25 higher at $163.95 and August live cattle closed $.35 higher at $163.25. May feeder cattle closed $2.20 higher at $207.82 and April feeder cattle closed $1.35 higher at $224.35.

It was a slow Tuesday for direct cash cattle business.  Bids remained elusive. 

Cattle futures supported by cash optimism