At the Chicago Mercantile Exchange, cattle futures closed mostly higher on buyer interest, ahead of this week’s direct business. The narrowing Choice/Select spread indicates there is more available Choice beef as demand is falling behind. August live cattle closed $.45 lower at $106.45 and October contracts closed $.25 higher at $110.10. August feeder cattle closed $.87 higher at $152.80 and September contracts closed $.47 higher at $152.60.
Direct cash cattle trade is extremely quiet ahead of the holiday.
Continue reading Hog futures higher ahead of trade uncertainty at Brownfield Ag News.
