At the Chicago Mercantile Exchange, cattle futures clawed their way back to bounce off session lows. Except for the nearby contract, live cattle closed mostly higher. The lack of direction in the cash market, tighter packer margins, and expanding available numbers create market uncertainty. June live cattle closed $.12 lower at $108.52 and August live cattle closed $.12 higher at $104.30. August feeder cattle closed $.15 lower at $145.80 and September contracts closed $.42 lower at $146.82.
Continue reading Hog futures supported by strong cash trade at Brownfield Ag News.
