Chicago Mercantile Exchange live cattle futures were up modestly ahead
of widespread direct business. February was $.20 higher at $121.32 and April
was up $.05 at $119.80.
Feeder cattle were down on the firm move in corn. March was $.70 lower
at $135.20 and April was down $.07 at $137.50.
By Friday afternoon, light to moderate direct cash cattle business
developed at mostly $121 on the live basis, about $1 lower than the previous
week’s weighted average.
Continue reading Hog futures mostly up on demand expectations at Brownfield Ag News.
