National Ag News
Hog futures pressured by cash, wholesale business
Aug 25, 2017, 16:48 PM
by
System
Chicago Mercantile Exchange live cattle futures were steady to firm on spread trade and short covering ahead of the USDA’s monthly cattle on feed report. The fundamentals remain pretty unfriendly, with increasing market ready numbers, slow wholesale demand, and a lot of lower direct cash business recently. August held at $105.95 and October was up $.10 at $106.92.
Feeder cattle were mostly higher on spread trade, short covering, and the weak corn.
Continue reading Hog futures pressured by cash, wholesale business at Brownfield Ag News.
