At the Chicago Mercantile Exchange, live and feeder cattle were up following the steady to higher cash business during the week.  June lives closed $.77 higher at $178.57 and August lives closed $.72 higher at $176.77.  May feeder cattle closed $2.45 higher at $248.70 and August feeders closed $2.25 higher at $260.55. 

There was a light to moderate direct cash cattle trade throughout the week. Dressed business in the North was mostly $294, generally $2 higher than the previous week’s weighted average basis in Nebraska.

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