At the Chicago Mercantile Exchange, live cattle futures closed higher on firm boxed beef values during the session and the steady cash trade. Feeder cattle futures were higher on the same factors, shrugging off the day’s higher move in corn. The USDA’s Cattle on Feed report was released and should be neutral to markets. August live cattle closed $.20 higher at $107.60 and October live cattle closed $.25 higher at $108.50. August feeder cattle closed $.55 higher at $139.97 and September feeder cattle closed $.32 higher at $139.80.
Direct cash cattle ended the week fairly quiet following the week’s light to moderate trade.
Continue reading Cattle, hog futures end the week higher at Brownfield Ag News.
