Chicago Mercantile Exchange live cattle futures were sharply higher, supported by technical buying, while digesting last week’s slow to start direct cash business and watching the distribution of this week’s new showlist. August was $2.37 higher at $106.92 and October was up $1.27 at $108.65.
Feeder cattle were supported by the same factors as the live pit. August was up $1.65 at $152.37 and September was $1.37 higher at $152.45.
Direct cash cattle markets were at a standstill.
Continue reading Hog futures down on cash, wholesale pressure at Brownfield Ag News.
