At the Chicago Mercantile Exchange, cattle futures closed moderately higher on strong export data and support from preliminary cash trade business. October live cattle closed $1.05 higher at $109.95 and December live cattle closed $.70 higher at $114.42. September feeder cattle closed $1.20 higher at $152.97 and October feeder cattle closed $1.42 higher at $152.95.
A light to moderate direct cash cattle trade has developed in parts of the north. Dressed deals are at $168 to $170, generally steady with last week’s weighted average.
Continue reading Export data supports higher cattle futures at Brownfield Ag News.
