National Ag News

Chicago Mercantile Exchange live cattle futures were mostly higher in low trade volume on short covering and spillover from the strength in hogs. June, which expires Friday, was down $.05 at $120.20 and August was up $.87 at $116.50.

Feeder cattle futures were also higher in low trade volume, following hogs. August was $.77 higher at $147.17 and September was up $.80 at $147.20.

Direct cash cattle business was light to moderate by Thursday afternoon at $119 on the live basis in the south, down $3 on the week, and $119 to $120 live in the north, $1 to $2 lower.

Continue reading Cattle futures mostly higher, despite bearish business at Brownfield Ag News.