At the Chicago
Mercantile Exchange, live cattle ended the day firm ahead of widespread direct
cash business, support from wholesale values, and position squaring ahead of
this week’s reports (which includes Cold Storage, Livestock Slaughter, and
Cattle on Feed). Feeder cattle were
mixed waiting for direct cash business and Friday’s Cattle on Feed numbers. December live cattle closed $.25 higher at
$113.87 and February live cattle closed $.15 higher at $119.22. November feeder cattle were unchanged at $142.85
and January feeder cattle closed $.35 lower at $139.10.
Direct cash cattle trade is off to a predictably slow start to the week with business at a standstill.
Continue reading Cattle futures waiting for this week’s USDA reports at Brownfield Ag News.
