At the Chicago Mercantile Exchange, cattle futures closed higher despite lack of direction from the cash trade. Wholesale values were supportive at midday. October live cattle closed .37 higher at $109.07 and December live cattle closed $.60 higher at $113.30. September feeder cattle closed $1 higher at $150.17 and October feeder cattle closed $.97 higher at $150.17.
Direct cash cattle has been untested. It seemed as if buyers would try to wrap up most of business before Friday, but that doesn’t look like it will happen.
Continue reading Cattle futures higher ahead of cash business at Brownfield Ag News.
