At the Chicago Mercantile Exchange, cattle futures ended the sharply day higher as the market responded positively to Friday’s Cattle on Feed report. Sharply higher wholesale values were also supportive of today’s move. December live cattle closed $1.30 higher at $118.07 and February live cattle closed $1.32 higher at $122.47. November feeder cattle closed $2.82 higher at $156.92 and January feeder cattle closed $2.97 higher at $151.72.
Direct cash cattle trade is quiet.
Continue reading Cattle futures supported by on Feed numbers at Brownfield Ag News.
