National Ag News
Hogs supported by higher pork, discount to cash
Jul 19, 2017, 16:37 PM
by
System
Chicago Mercantile Exchange live cattle futures were sharply higher on an oversold bounce ahead of this week’s widespread direct cash cattle trade. Fed Cattle Exchange business was essentially steady with last week, but another round of light activity really didn’t whet a lot of appetites. August was $2.20 higher at $117.27 and October was up $2.00 at $118.87.
Feeder cattle were sharply higher on oversold signals and position squaring ahead of widespread direct business.
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