At the Chicago Mercantile Exchange, cattle futures closed firm to higher ahead of widespread direct cash business. Early bids indicate there could be some positive support from this week’s cash trade. February live cattle closed $.75 higher at $122.90 and April live cattle closed $.37 higher at $124.90. January feeder cattle closed $.27 higher at $147.57 and March feeder cattle closed $.37 higher at $145.27.
Direct cash cattle trade remains fairly quiet. There have been a few bids on the table at $185 to $187 dressed in Nebraska.
Continue reading China rumors prop up hog futures at Brownfield Ag News.
