At the Chicago
Mercantile Exchange, live cattle futures closed mostly higher in a narrow
trading range ahead of widespread direct cash business and some spillover
support from the higher move in feeders.
Feeder cattle closed higher on follow through support and the day’s lower
move in corn. August live cattle closed
$.25 lower at $104.10 and October live cattle closed $.10 higher at
$105.52. August feeder cattle closed
$.17 higher at $137.02 and September feeder cattle closed $.92 higher at
$137.62.
Direct cash cattle trade activity is off to a sluggish start.
Continue reading Feeder cattle futures supported by lower corn trade at Brownfield Ag News.
