Chicago Mercantile Exchange live cattle futures were supported by
commercial buying as traders prepared for widespread direct business and the
USDA’s Cattle on Feed report out Friday afternoon. August was up $2.30 at
$104.97 and October was $.87 higher at $101.10.
Feeder cattle were up on the same factors as the live pit, largely
ignoring the day’s mixed activity in corn. August was $1.02 higher at $138.40
and September was up $1.12 at $136.42.
Continue reading Hog futures down on bearish fundamentals at Brownfield Ag News.
