At the Chicago
Mercantile Exchange, live cattle futures ended the day higher on support from
strong wholesale values and optimism about the direction of this week’s cash
trade. Feeder cattle were mostly higher
on the same factors with additional support from the day’s lower move in
corn. December live cattle closed $.55
higher at $120.07 and February live cattle closed $.37 higher at $124.60. November feeder cattle closed $.05 lower at
$149.07 and January feeder cattle were unchanged at $146.
Direct cash cattle
trade started the week in its typical quiet fashion. Showlists this week are mixed – higher
in Kansas, somewhat lower in Nebraska/Colorado, and lower in Texas. Bids and asking prices are not established as
of yet. It’s likely significant trade volume
will be delayed until at least midweek or later.
Continue reading Hog futures lower on demand uncertainty at Brownfield Ag News.
