At the Chicago Mercantile Exchange, live cattle closed mixed on spread trade, profit-taking, and lower wholesale values. Feeder cattle closed mixed on the same factors. October live cattle closed $.27 higher at $102.12 and December live cattle closed $.35 lower at $107.42. October feeder cattle closed $.40 higher at $141.65 and November closed $.47 higher at $140.20.
Direct cash cattle trade activity is limited. There have been a few asking prices floated around $104 to $105 live in the South and $170 dressed in the North.
Continue reading Hog futures close mostly higher on demand optimism at Brownfield Ag News.
