National Ag News
Cattle futures bounce back, hogs consolidate
May 17, 2017, 16:41 PM
by
System
Chicago Mercantile Exchange live cattle futures were higher, seeing an oversold bounce and light commercial demand. That was despite bearish midweek cash and wholesale fundamentals. During the session, the Fed Cattle Exchange weighted averages were down from last week, the reported direct business in the north was below a week ago, and boxed beef at midday was lower. June was up $.55 at $122.45 and August was $.57 higher at $118.82.
Feeder cattle futures were higher, following the lead of the live pit.
Continue reading Cattle futures bounce back, hogs consolidate at Brownfield Ag News.
