Chicago Mercantile Exchange live cattle futures were modestly higher
ahead of this week’s direct cash business. Also, China has lowered tariffs on
several U.S. ag goods, including beef, with the reduction scheduled to go into
effect on the 14th. February was $.37 higher at $121.12 and April was up $.57
at $119.75.
Feeder cattle were modestly to sharply higher on the same factors as
the live pit, with a little additional support from the lower move in corn.
Continue reading Hog futures surge on lower China tariff at Brownfield Ag News.
