Cattle futures higher, hogs mostly higher to end the week

Cattle futures higher, hogs mostly higher to end the week

At the Chicago Mercantile Exchange, live and feeder cattle were higher – supported by the recent trend in boxed beef. April live cattle closed $1.95 higher at $187.55 and June lives closed $.95 higher at $182.82.  March feeder cattle closed $3.92 higher at $251.02 and April feeder cattle closed $3.32 higher at $253.55.

Direct cash cattle trade was quiet Friday following back-to-back days of moderate business.  For the week Northern dressed deals were marked at mostly $287 to $288, steady to $1 below the previous week’s business. 

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