At the Chicago Mercantile Exchange live and feeder cattle futures were higher with boxed beef up at midday, getting ready for Friday’s USDA Cattle on Feed report. April live was up $.80 at $162.35 and June was $.30 higher at $156.87. April feeders were $1.90 higher at $195.15 and May was up $1.47 at $200.27.
It is looking like the bulk of business is essentially done for the week following Wednesday’s moderate to active trade in most feeding areas.
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