On the Chicago Mercantile Exchange cattle futures closed higher on technical buying. Boxed beef ended the day steady to firm which could indicate there is still strong retail demand heading into the Labor Day holiday. August live cattle closed up $.70 at $115.22 and October live cattle up $.15 at $114.82. August feeder cattle closed up $.40 at $150.65 and September feeder up $.60 at $150.75.
Direct cash cattle trade was pretty quiet Thursday afternoon with just a few scattered deals in parts of the North.
Continue reading Cattle futures close higher for second consecutive day at Brownfield Ag News.
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