Cattle futures higher, watching direct trade develop

Cattle futures higher, watching direct trade develop

Chicago Mercantile Exchange live and feeder cattle were higher, watching direct cash cattle business develop. December live was up $.52 at $151.80 and February was $1.20 higher at $154.25. January feeders were up $.45 at $177.47 and March was $.45 higher at $180.25.

Direct cash cattle business was underway by late Wednesday afternoon. Trade was reported at $150 live in Kansas and Texas, steady with last week, with live sales in Nebraska at $153.

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