At the Chicago
Mercantile Exchange, live cattle futures ended the day higher on follow-through
support and short covering. Feeder
cattle were higher on the same factors, despite the day’s higher move in corn. The USDA’s latest export report showed beef
exports were up the week and the four-week average. August live cattle closed $1.55
higher at $107 and October live cattle closed $1.77 higher at $108.07. August feeder cattle closed $2.25 higher at
$138.82 and September feeder cattle closed $1.75 higher at $138.70.
As expected, direct cash cattle trade activity was at a standstill Friday.
Continue reading Live, feeder cattle futures end the week higher at Brownfield Ag News.
