Chicago Mercantile Exchange live cattle futures were mostly higher on spread trade, most contracts’ discount to cash, and spillover from hogs. Contracts were weak for most of the session, but came back pretty well, considering the bearish cash and wholesale business. June expired at $119.10, down $1.10, August was $.20 lower at $116.30, and October was up $.22 at $115.20.
Feeder cattle futures were higher, also bouncing back solidly from the early losses.
Continue reading Hogs up, with most at discount to cash at Brownfield Ag News.
Copyright © 2024 Indiana Farm Bureau®, Inc. is a member of the American Farm Bureau Federation®, a national organization of farmers and ranchers including Farm Bureau® organizations in 49 other states and Puerto Rico, and is responsible for Farm Bureau membership and programs within the State of Indiana.