National Ag News
Cattle mostly higher, despite unfriendly cash, wholesale trade
Jul 27, 2017, 16:44 PM
by
System
Chicago Mercantile Exchange live cattle futures were steady to higher on spread trade and technical buying. It was another mixed session, finished by a rally, without a whole lot of actual fundamental support. Labor Day demand is expected to be good, but boxed beef has been struggling and increased ready numbers will put more product on the wholesale market. August was unchanged at $114.30 and October was up $.20 at $113.57.
Feeder cattle were higher on technical buying ahead of widespread direct trade this week.
