Futures prices look too low compared to higher cash prices, supporting gains at the CME, traders said. "The trade does feel we will have higher cash cattle trade," said Rich Nelson, chief strategist for brokerage Allendale. At some sale barns in Iowa, South Dakota and Nebraska, cash cattle traded around $252 per cwt this week, Nelson said. CME August live cattle futures LCQ25 finished up 1.5 cents at 223.900 cents per pound after setting a contract high of 224.400 cents. In CME's feeder cattle market, August futures FCQ25 closed 3.3 cents higher at 325.575 cents per pound.