National Ag News

At the Chicago Mercantile Exchange, cattle futures recovered some of their recent losses with moderately higher closes on supportive wholesale beef prices and technical buying.  February live cattle closed $.45 higher at $117.67 and April live cattle closed $.22 higher at $119.52.  January feeder cattle closed $.92 lower at $145.47 and March feeder cattle closed $.82 higher at $142.75.

Light to moderate direct cash cattle trade has continued through today.  Northern dressed sales are mostly at $192, about $3 lower than last week. 

Continue reading Wholesale prices supportive of cattle futures at Brownfield Ag News.