At the Chicago
Mercantile Exchange, live cattle closed higher on strong wholesale values during
the session and this week’s potentially higher cash trade. Feeder cattle futures closed higher on the
same factors with additional support from the day’s lower move in corn. October live cattle closed $1.60 higher at $101.80
and December live cattle closed $1.77 higher at $100. September feeder cattle closed $.90 higher at
$133.72 and October feeder cattle closed $.47 higher at $133.65.
Direct cash cattle trade activity was at a standstill.
Continue reading Cattle futures take back some of last week’s losses at Brownfield Ag News.
