At the Chicago Mercantile Exchange, live cattle futures ended the day mixed to mostly higher in a tight trading range despite outside pressure. Feeder cattle had a more impressive showing, much of which can be attributed to short covering. August live cattle closed $.25 lower at $109.82 and October contracts closed $.07 higher at $111. August feeder cattle closed $.80 higher at $150.65 and September contracts closed $1.02 higher at $149.75.
Just a handful of direct cash cattle trade on Wednesday.
Continue reading Cash pressure continues to drive hog futures lower at Brownfield Ag News.
