National Ag News

Chicago Mercantile Exchange live cattle futures were higher on an oversold bounce. Cash and wholesale business during the session were bearish, but contacts were due for at least some kind of recovery, technically. August was up $1.12 at $114.30 and October was $.60 higher at $113.37.

Feeder cattle were mostly modestly higher on spread trade, the modestly higher corn, and oversold signals. Nearby contracts were weak, August was down $.05 at $146.47 and September was $.07 lower at $147.07, while the other months were firm.

Continue reading Direct cattle business underway, lower than last week at Brownfield Ag News.