Cattle futures up on light, higher direct cash trade

Cattle futures up on light, higher direct cash trade

Chicago Mercantile Exchange live cattle futures were modestly higher,

supported by the day’s light, but higher, direct cash business. October was up

$.75 at $106.80 and December was $.20 higher at $110.82.

Feeder cattle were up modestly, also seeing limited support from the

direct trade during the session. October was $.27 higher at $142.35 and

November was up $.42 at $142.10.

Direct cash cattle markets were mostly quiet. Activity in Kansas and Texas

was generally light at $106 live, up $3 on the week.

Continue reading Cattle futures up on light, higher direct cash trade at Brownfield Ag News.