At the Chicago Mercantile Exchange, cattle futures closed higher on short-covering in limited trade activity. Today’s Cattle on Feed report was within pre-report estimates and were relatively neutral to the market. Contracts were able to finish the week on a positive note despite pressure from wholesale values. June live cattle closed $.25 higher at $104.65 and August live cattle closed $.52 higher at $102.30. August feeder cattle closed $1.62 higher at $144.92 and September feeder cattle closed $1.35 higher at $144.45.
Continue reading Cattle rally on short-covering at Brownfield Ag News.
