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Cattle futures supported by the week’s strong cash business

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At the Chicago Mercantile Exchange, live and feeder cattle were higher supported by the week’s sharply higher cash business and stronger cutout values.  April live cattle closed $.80 higher at $168.35 and June lives closed $1.12 higher at $162.12.  April feeder cattle closed $.92 higher at $200.82 and May feeders closed $.80 higher at $205.25. 

It was a quiet Friday for direct cash cattle business.  For the week, live deals in the South were marked at mostly $167, $4 higher than the prior week’s weighted averages. 

Cattle futures supported by the week’s strong cash business