Live cattle higher ahead of direct business

Live cattle higher ahead of direct business

At the Chicago Mercantile Exchange, live cattle were higher, and feeders were mixed ahead of widespread direct cash business.  April lean hogs closed $.05 higher at $164.95 and June lean hogs closed $.02 higher at $158.90.  April feeder cattle closed $.40 lower at $197.22 and May feeders closed $.57 lower at $200.80.

It’s another really quiet day for direct cash cattle business.  Bids didn’t surface.  Asking prices were at $165 to $166 live in the South, while the North was quiet. 

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