At the Chicago Mercantile Exchange, live cattle futures closed higher on spillover support from lean hogs and higher wholesale values at midday. Feeder cattle closed mixed with pressure from the day’s higher move in corn. August live cattle closed $.97 higher at $109.02 and October contracts closed $.45 higher at $110.77. August feeder cattle closed $.07 higher at $152.82 and September contracts closed $.27 lower at $153.25.
Direct cash cattle trade remains generally light with just a few scattered bids on the table.
Continue reading Hog futures higher on strong wholesale values at Brownfield Ag News.
