National Ag News

Chicago Mercantile Exchange cattle futures ended the day modestly higher.  Most of the day’s action was due to prices getting close to becoming oversold. Pressure from the lower wholesale trade limited gains.  Look for any cash movement to strongly influence the balance of trade this week.  December live cattle closed $.70 higher at $120.20 and February live cattle closed $.60 higher at $125.75.  November feeder cattle closed $.37 higher at $159.00 and January feeder cattle closed $.35 higher at $154.25.

Continue reading Heavier carcass weights pressure hog futures at Brownfield Ag News.