At the Chicago
Mercantile Exchange, live and feeder cattle futures closed higher as contracts
were oversold and due for a bounce. Strong
buyer interest is also providing price support.
There is some cautious optimism ahead of this week’s widespread direct
cash business. February live cattle
closed $1.27 higher at $123.20 and April live cattle closed $1.10 higher at
$146. January feeder cattle closed $1.10
higher at $146 and March feeder cattle closed $1.07 higher at $143.90.
Direct cash cattle trade is quiet.
Continue reading Cattle futures start week optimistic at Brownfield Ag News.
