At the Chicago Mercantile Exchange, cattle futures ended the day modestly higher ahead of widespread direct cash business. Monday’s beef prices were supportive and continued strong demand could help keep prices elevated despite the recent back to back negative reports. October live cattle closed $.17 higher at $112.35 and December live cattle closed $.20 higher at $117.20. September feeder cattle closed $.17 higher at $156.62 and October feeder cattle closed $.17 higher at $156.47.
Direct cash cattle trade has been quiet.
Continue reading Hog futures higher on demand expectations at Brownfield Ag News.
