At the Chicago Mercantile Exchange, cattle futures closed sharply higher supported by Thursday’s cash trade and stronger retail prices. Feeder cattle also closed sharply higher – latching on to the momentum from the live cattle market. June live cattle closed $1.67 higher at $106.52 and August live cattle closed $1.55 higher at $105.52. May feeder cattle closed $2.17 higher at $140.80 and August feeder cattle closed $2.12 higher at $146.57.
Direct cash cattle trade has slowed in the afternoon.
Continue reading Cattle futures higher on stronger cash trade at Brownfield Ag News.
