Efforts to support the U.S. economy by following through with the $600 billion bond-buying program will be fulfilled through this June as planned, the Fed said earlier in the day. Some analysts kept a close on Ben Bernanke, chairman of the central bank.
"After a 7-cent break in the cattle, it was probably time to take a break and see what Ben had to say," Peter Adams, principal at PNM Trading, told the news service.
Cattle feeder futures also gained but hog futures did not fare as well, likely because decreasing pork belly prices did not let up from applying pressure.
At 4:59 p.m. on Wednesday, cattle futures climbed 1.11 percent, a 0.0125 cent gain to $1.1355 per pound. Cattle feeder futures increased 1.43 percent, a 0.019 cent lift to $1.3485 per pound. Hog futures dropped 0.41 percent, a 0.004 cent slip to 0.967 cents per pound.
"It is important because it affects the peripheral markets," a Chicago cattle trader said of the Fed's action.
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