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Cattle, hog futures move higher

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At the Chicago Mercantile Exchange, live and feeder cattle were higher on follow-through buying, shrugging off weaker cash business and lower boxed beef.  December live cattle closed $.25 higher at $171.90 and February lives closed $.65 higher at $173.47.  January feeders closed $1.15 higher at $222.20 and March feeders closed $.77 higher at $224.27. 

There was another light round of direct cattle business that developed Wednesday afternoon.  Dressed deals in Nebraska were at $275, that’s about $4 below the previous week’s weighted averages. 

Cattle, hog futures move higher