At the Chicago
Mercantile Exchange, live cattle futures closed higher on carry over support
from feeder cattle and increased demand expectations. Feeder cattle closed sharply higher on higher
demand and the day’s lower move in corn.
August live cattle closed $2.12 higher at $105.37 and October live
cattle closed $1.70 higher at $106.55.
August feeder cattle closed $4.50 higher at $135.82 and September feeder
cattle closed $4.47 higher at $136.35.
Direct cash cattle trade has been quiet most of the day with another very light round of business in the north at $180 dressed.
Continue reading Cattle futures surge higher on demand expectations at Brownfield Ag News.
