At the Chicago
Mercantile Exchange, live cattle futures ended the day sharply higher on
oversold signals with support from the sharply higher wholesale values. Feeder cattle were higher on the same factors
with additional support from the day’s lower move in corn. April live cattle closed $4.50 higher at $96.35
and June live cattle closed $4.50 higher at $89.75. March feeder cattle closed $5.05 higher at
$113.50 and April feeder cattle closed at $110.87, $2.77 higher.
A light to moderate trade is underway in parts of cattle country.
