At the Chicago Mercantile Exchange, cattle futures closed mostly higher in a choppy trading session ahead of today’s Cold Storage report. The numbers were fairly neutral to cattle. Traders will look ahead to Friday’s Cattle on Feed report and the market will likely be chopping as it finishes up positioning ahead of its release. The slow cash market is also failing to provide any direction. June live cattle closed $.02 lower at $104.90 and August live cattle closed $.02 higher at $100.65.
Continue reading Supply concerns pressure pork prices at Brownfield Ag News.
