At the Chicago
Mercantile Exchange, live cattle ended the day mostly higher on support from higher
wholesale values. The signing of the US-Japan
trade deal is good news for US beef producers.
Feeder cattle futures were higher on the same factors. October live cattle closed $.07 lower at $108.17
and December live cattle closed $.35 lower at $110.85. October feeder cattle closed $.32 higher at
$142.02 and November feeder cattle closed $.32 higher at $141.25.
Direct cash cattle trade remains at a standstill.
Continue reading Lean hog futures sharply higher on demand potential at Brownfield Ag News.
