At the Chicago Mercantile Exchange, live cattle futures closed slightly higher on spillover support from the hog markets. Feeder cattle were higher on support from the latest export sales data. August live cattle were unchanged at $108.32 and October live cattle were $.27 higher at $109.27. August feeder cattle closed $1.22 higher at $150.27 and September feeder cattle closed $.97 higher at $150.12.
Direct cash cattle trade has been at a virtual standstill and we’re headed to another Friday showdown.
Continue reading Lean hogs higher on speculative trade talks at Brownfield Ag News.
