National Ag News

At the Chicago Mercantile Exchange, cattle futures closed sharply higher on strengthening beef values.  Today’s boxed beef prices also provided support and adding to the already profitable margins for packers. Today’s weakening in corn also provided support to feeder cattle.  October live cattle closed $1.27 higher at $109.10 and December live cattle closed $1.47 higher at $114.90. October feeder cattle closed $2.07 higher at $150.95 and November feeder cattle were $2.70 higher at $151.30.

The cash cattle trade is quiet with both bids and asking prices poorly defined. 

Continue reading Wholesale prices provide support for cattle futures at Brownfield Ag News.