At the Chicago Mercantile Exchange, live and feeder cattle closed higher on oversold signals.  October live cattle closed $.52 higher at $104.45 and December live cattle closed $.65 higher at $108.47.  September feeder cattle closed $.05 higher at $137.65 and October feeder cattle closed $.17 higher at $138.50. 

Direct cash cattle trade ended the week quietly.  There was a light to moderate trade that took place throughout the week with Southern live deals marked at $102 to $103, $2 to $3 lower than the previous week’s weighted averages and Northern dressed trade ranged from $162 to $163, mostly at $163, $4 lower than the prior week’s weighted average basis in Nebraska. 

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