Cattle futures up on direct cash optimism

Cattle futures up on direct cash optimism

Chicago Mercantile Exchange live and feeder cattle were higher, with traders optimistic ahead of the week’s widespread direct business. February live was up $1.05 at $158.85 and April was $.67 higher at $162.45. January feeders were $.32 higher at $183.80 and March was up $.57 at $186.77.

Direct cash cattle business was light to moderate at mostly $157 to $158 on the live basis, up $1 to $2 on the week, with dressed trade at $248 to $250, steady to $2 higher.

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