At the Chicago Mercantile Exchange, live cattle futures ended the day mostly higher ahead of widespread direct cash business and steady retail beef prices. Feeder cattle futures closed mostly lower on long-term demand concerns and the mixed corn trade. August live cattle closed $.82 higher at $103.25 and October live cattle closed $.82 higher at $104.85. August feeder cattle closed $.45 lower at $131.32 and September feeder cattle closed $.47 lower at $131.87. Direct cash cattle trade activity started to pick up later in the day.
Continue reading Lean hog futures bounce higher at Brownfield Ag News.
