National Ag News

Chicago Mercantile Exchange live cattle futures were higher on technical buying and spillover from the sharply higher move in feeders. Also, contracts are below recent cash business. Gains in August were a little limited by spread trade out of that contract, into the more active October. August was $1.00 higher at $110.05 and October was up $2.45 at $109.05.

Feeder cattle were sharply higher, supported by the lower corn and the fundamental implications for feed of a large domestic crop.

Continue reading Hog futures supported by discount to cash at Brownfield Ag News.