National Ag News
Cattle mostly higher ahead of cash trade, USDA reports
Jul 17, 2017, 16:38 PM
by
System
Chicago Mercantile Exchange live cattle futures were mixed, mostly modestly higher on spread trade, the weak corn, and the higher midday boxed beef. The trade was also watching the distribution of this week’s direct cash showlist, while prepping for the USDA’s cattle inventory and on feed numbers out Friday. August was the exception, down $.85 at $116.95, and October was up $.05 at $118.62.
Feeder cattle were modestly higher on the weak corn and higher midday boxed beef, along with position squaring ahead of Friday’s USDA numbers and the week’s direct cash business.
Continue reading Cattle mostly higher ahead of cash trade, USDA reports at Brownfield Ag News.
