At the Chicago
Mercantile Exchange, live cattle ended the day mostly firm with support from
stronger cash trade and wholesale values.
Feeder cattle were mixed on spread trade. December live cattle
closed $.25 higher at $119.25 and February live cattle closed $.17 higher at
$125.02. November feeder cattle closed $.22
higher at $147 and January feeder cattle closed $.10 higher at $145.87.
Direct cash cattle trade activity wrapped up the week with light to moderate business reported in the South at $114 to $115 live, $2 to $3 higher than last week’s weighted averages. Northern live deals were at $114 to mostly $116, steady to $2 higher than last week’s weighted averages basis in Nebraska. On Thursday a moderate dressed trade was reported in parts of the North at mostly $181 and $182, generally $1 to $2 higher than last week’s weighted average basis in Nebraska.
In Missouri for the week, receipts were up on the week and the year.
Continue reading Hog futures mixed on supply and demand concerns at Brownfield Ag News.
