At the Chicago
Mercantile Exchange, live cattle closed higher on support from the higher cash
trade and the recent strength in wholesale values. Feeder cattle were mostly higher on the same
factors with additional support from the day’s weak move in corn. December live cattle closed $.70 higher at
$120.40 and February contracts closed $.52 higher at $125.67. January feeders closed $.35 lower at $141.62
and March feeders closed $.12 lower at $142.22.
A light direct cash cattle trade is underway.
Continue reading Cattle futures supported by higher cash trade at Brownfield Ag News.
