At the Chicago Mercantile Exchange, live cattle futures ended the day mixed with strength in the front-month contracts. The market is waiting for some direction ahead of widespread cash trade, but firm wholesale values helped prop up some prices. Feeder cattle futures closed firm on support in the day’s lower move in corn. February live cattle closed $1.52 higher at $126.95 and April live cattle closed $.75 higher at $127.42. January feeder cattle closed $.10 lower at $144.75 and March feeder cattle closed $.35 higher at $144.75.
Continue reading Wholesale values support nearby hog futures at Brownfield Ag News.
