At the Chicago Mercantile Exchange, live and feeder cattle futures traded sideways today as the market is still looking for direction from the cash trade and the less than stellar Fed Cattle Exchange didn’t help, either. The lower move in wholesale beef prices added pressure to futures contracts. October live cattle closed $.07 higher at $113.77 and December live cattle closed $.27 lower at $118.52. October feeder cattle closed .07 higher at $154.15 and November feeder cattle closed $.47 lower at $155.67.
Continue reading Lean hogs close higher as pork prices stabilize at Brownfield Ag News.
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