Chicago Mercantile Exchange live cattle futures were higher on end of the month technical buying and spillover from the outside markets. Contracts were pulled down from their highs by the lightly traded but bearish cash business during the session. August was up $.57 at $105.65 and October was $.60 higher at $99.80.
Feeder cattle were steady to higher, supported by the same factors as the live pit. August expired unchanged at $138.75 and September was up $.55 at $133.40.
Continue reading Cattle up, waiting for widespread direct trade at Brownfield Ag News.
