At the Chicago Mercantile Exchange, live cattle futures closed mostly higher on continued strength from wholesale values. Strong consumer confidence continues to help domestic beef demand. Feeder cattle futures closed sharply higher, supported by the days weaker move in corn. December live cattle closed $.15 higher at $116.95 and February live cattle closed $.10 lower at $122.20. November feeder cattle closed $1.30 higher at $153.47 and January feeder cattle closed $2.02 higher at $150.12.
Direct cash cattle trade activity saw a little action Wednesday morning.
Continue reading Wholesale values support cattle futures at Brownfield Ag News.
