National Ag News
Cattle shrug off bearish cash, boxed beef business
May 18, 2017, 17:03 PM
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Chicago Mercantile Exchange live cattle futures were mostly higher, following through on Wednesday’s bounce, but remaining wary of signs cash and wholesale business have topped out for now. Cattle are also watching for any new developments in Brazil. June was up $.47 at $122.92 and August was $.82 higher at $119.65.
Feeder cattle futures were higher on follow through buying and the lower corn. May was up $.30 at $142.27 and August was $1.62 higher at $149.35.
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