Chicago Mercantile Exchange live cattle futures were higher on short covering as the trade gets ready for this week’s direct cash cattle business. That was despite another big drop in boxed beef at midday and another slow week at the Fed Cattle Exchange. June was up $.65 at $120.25 and August was $.60 higher at $115.62.
Feeder cattle futures were higher, covering shorts and getting ready for this week’s direct business, with additional support from the weak trade in corn.
Continue reading Hogs higher, supported by pork demand at Brownfield Ag News.
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