At the Chicago Mercantile Exchange, cattle futures closed moderately higher on support from the limited early-week cash trade. There is some concern as the industry expects a surge in production to start the next year. October live cattle closed $.30 higher at $113.97 and December live cattle closed $.52 higher at $119.47. October feeder cattle closed $.42 higher at $159.07 and November feeder cattle closed $.55 higher at $159.57.
Direct cash cattle trade has been quiet.
Continue reading Cattle futures higher on limited cash trade at Brownfield Ag News.
