At the Chicago Mercantile Exchange, cattle futures rebounded off the session lows to close mixed on profit taking and technical selling. Contracts are under pressure from the recent weaker moves in wholesale prices. However, feeder cattle finally found some support later in the day with today’s lower move in corn. December live cattle closed $.17 lower at $119.65 and February live cattle closed $.37 lower at $125.67. January feeder cattle closed $.05 higher at $154.50 and March feeder cattle closed $.27 higher at $152.82.
Continue reading Hog futures up on cash and wholesale support at Brownfield Ag News.
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