At the Chicago Mercantile Exchange, live cattle futures closed higher on late in the day buyer support. Today’s surge in hog futures also spilled over into the cattle complex. Wholesale values have been mixed, but the strength in the Choice cuts is also adding support. October live cattle closed $1.05 higher at $113.47 and December live cattle closed $1.80 higher at $117.97. October feeder cattle closed $.40 higher at $155.10 and November contracts closed $.60 higher at $155.22.
Continue reading Hog futures surge on higher wholesale values at Brownfield Ag News.
