At the Chicago Mercantile Exchange, cattle futures closed sharply higher on short covering and optimism that once cash business happened, it would be at higher levels. At the end of the day Friday, buyers and feedlot managers were still in a standoff. October live cattle closed $3.00 higher at $113.80 and December live cattle closed $2.65 higher at $118.05. September feeder cattle closed $2.47 higher at $157.42 and October feeder cattle closed $3.47 higher at $158.87.
Continue reading Cattle futures higher on cash optimism at Brownfield Ag News.
