Chicago Mercantile Exchange live cattle futures were sharply higher, supported by technical buying as traders prepare for Friday’s USDA Cattle on Feed and Inventory reports, while getting ready for the week’s widespread direct cash cattle business. August was up $2.52 at $108.95 and October was $2.15 higher at $110.65.
Feeder cattle were up sharply, supported by the same factors as the live pit. August was $3.17 higher at $154.45 and September was up $2.95 at $154.65.
Continue reading Cattle futures up sharply ahead of widespread direct trade at Brownfield Ag News.
