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Lean hog futures sharply higher on demand potential

Lean hog futures sharply higher on demand potential

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.