At the Chicago Mercantile Exchange, live cattle futures closed higher as contracts were oversold and due for a bounce. Outside markets also helped to boost prices. Feeder cattle moved higher on the same factors with additional support in the steady corn trade. June live cattle closed $.77 higher at $107.55 and August live cattle closed $1.25 higher at $104.06. August feeder cattle closed $3.95 higher at $137.45 and September feeder cattle closed $3.75 higher at $137.87. A light direct cash cattle trade developed Tuesday.
Continue reading Outside markets boost cattle futures at Brownfield Ag News.
