At the Chicago Mercantile Exchange, live and feeder cattle were up, watching direct business unfold.  June lives closed $.25 higher at $175.85 and August lives closed $.62 higher at $173.32.  May feeder cattle closed $1.30 higher at $243.87 and August feeders closed $2.02 higher at $254.47. 

There was another light round of direct cash cattle trade reported Thursday.  Deals in Nebraska were at $297 dressed and $189 live and there were a few deals in Iowa at $188 live, $2 lower than the previous week’s weighted averages. 

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