Deferred hog futures drop again

Deferred hog futures drop again

At the Chicago

Mercantile Exchange, live cattle were oversold and due for a bounce.  Feeder cattle ended the day higher on the same

factors.  Both were able to move higher after

hog futures came off the early lows.  August

live cattle closed $.15 higher at $107.80 and October live cattle closed $.42

lower at $107.40.  August feeder cattle

closed $.90 higher at $140.52 and September feeder cattle closed $1.17 higher

at $139.40. 

Direct cash cattle trade started the week at a standstill.  

Continue reading Deferred hog futures drop again at Brownfield Ag News.