National Ag News

At midday on Friday, Chicago Mercantile Exchange live and feeder cattle futures are mostly higher, with traders getting prepared for the USDA’s cattle on feed report. Analysts expect the major categories to all be up on the year, the question is by how much. The fundamentals continue to be a negative, but technically, contracts are oversold.

Direct cash cattle markets are quiet and this week’s business has been light to moderate in many of the major feeding areas, so either things are wrapped up or there could still be some light trade left to be done.

Continue reading Friday cash livestock markets at Brownfield Ag News.