Chicago Mercantile Exchange live cattle futures were mostly higher, closing before the start of the week’s widespread direct cash business. Traders seemed fairly optimistic and boxed beef was firm to sharply higher at midday. February was down $.57 at $126.52 and April was up $.47 at $127.37.
Feeder cattle were mostly higher on the same factors as the live pit. January was $.02 higher at $141.45 and March was $.10 lower at $142.82.
Continue reading Direct cattle trade slow to develop at Brownfield Ag News.
