National Ag News

At the Chicago Mercantile Exchange, cattle futures rebounded nicely.  Today’s move was likely due to oversold conditions and light trade volume enhanced the position.  The higher trade was also supported by the strong move in wholesale value at midday.  December live cattle closed $.87 higher at $117.97 and February live cattle closed $1.02 higher at $124.05.  January feeder cattle closed $2.07 higher at $151.62 and March feeder cattle closed $1.77 higher at $149.82.

Direct cash cattle trade picked up this afternoon – following moderate trade activity in the South this morning. 

Continue reading Cattle futures supported by wholesale values at Brownfield Ag News.