At the Chicago Mercantile Exchange, both live and feeder cattle futures closed higher on speculative buying interest, largely based on a hope for firmer demand. August live cattle closed $.35 higher at $108.32 and October contracts closed $.27 higher at $109. August feeder cattle closed $.12 higher at $149.05 and September feeder cattle closed $.47 higher at $149.15.
Direct cash cattle trade has been quiet. However, a light scattered trade did develop in parts of the Nort on Tuesday, but it was certainly not enough to establish any kind of trend.
Continue reading Cattle futures up ahead of widespread direct business at Brownfield Ag News.
