At the Chicago
Mercantile Exchange, live cattle futures closed mixed on spread trade. The markets were pressured from the sharply
lower cash trade, but some support from the sharply higher wholesale values. Feeder cattle futures continued their
oversold bounce and were mostly higher on the surging beef values. October live cattle
closed $.02 higher at $98.52 and December live cattle closed $.27 lower at
$104.27. September feeder cattle closed
$.47 higher at $133.30 and October feeder cattle closed $.37 higher at
$133.75.
Direct cash cattle trade activity has been relatively quiet this afternoon, but a light live trade was developing in the North at $172.
Continue reading Hog futures drop on supply concerns at Brownfield Ag News.
