Cattle futures supported by strong wholesale values

Cattle futures supported by strong wholesale values

At the Chicago Mercantile Exchange, cattle futures ended the day higher on support from wholesale values and the day’s higher cash trade.  December live cattle closed $1.32 higher at $118.40 and February live cattle closed $1.22 higher at $123.45.  November feeder cattle closed $.85 higher a t$154.80 and January feeder cattle closed $.65 higher at $149.70.

Direct cash cattle trade finished the week on a strong note.  A moderate trade developed in most areas on Friday. 

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