National Ag News
Cattle futures closed sharply higher on cold storage report
Oct 24, 2017, 17:31 PM
by
System
At the Chicago Mercantile Exchange, cattle futures closed sharply higher following yesterday’s Cold Storage report and speculative buying interest. The strong move in wholesale values at the midday was also supportive of today’s big gains. October live cattle closed $2.10 higher at $113.62 and December live cattle closed $2.77 higher at $119.52. October feeder cattle closed $1.50 at $155.12 and November feeder closed $3.40 higher at $156.12.
Direct cash cattle trade remains at a standstill with bids and asking prices few and far between.
Continue reading Cattle futures closed sharply higher on cold storage report at Brownfield Ag News.
