At the Chicago Mercantile Exchange, live cattle futures ended the day higher, contracts were oversold and there was additional support from wholesale values. Feeder cattle closed sharply higher drawing support from the days lower move in corn. December live cattle closed $.45 higher at $115.37 and February live cattle closed $.75 higher at $118.75. January feeder cattle closed $3.25 higher at $146.97 and March feeder cattle closed $2.40 higher at $144.12.
Direct cash cattle trade has been quiet, but a few starter bids have surfaced in parts of Nebraska at $174 to $176.
Continue reading ASF concerns continue to drive hog futures at Brownfield Ag News.
