At the Chicago Mercantile Exchange, live cattle futures closed mostly steady to firm as the market waits for direction from the cash trade. Feeder cattle futures found some support in the days weaker move in corn. February live cattle closed $.05 lower at $122.85 and April live cattle closed $.10 lower at $124.80. January feeder cattle closed $.40 higher at $147.95 and March feeder cattle closed $.65 higher at $145.92.
Direct cash cattle trade activity has picked up some today.
Continue reading Cattle futures steady ahead of widespread cash business at Brownfield Ag News.
