At the Chicago Mercantile Exchange, live cattle futures ended the day higher, contracts were oversold and due for a bounce. There is also some expectation of a stronger cash trade this week. Feeder cattle futures ended the day higher on the same factors. August live cattle closed $1.35 higher at $105.62 and October lives closed $1.22 higher at $106.70. August feeder cattle closed $1.40 higher at $136.92 and September feeders closed $1.37 higher at $137.17. Direct cash cattle trade is off to a slow start.
Continue reading Hog, cattle futures start the week on a positive note at Brownfield Ag News.
