National Ag News

At the Chicago Mercantile Exchange, cattle futures ended the day modestly higher on short covering and technical buying.  Feeder cattle found additional support in today’s lower move in corn – specifically, March corn found a new contract low.  Cattle futures managed to hold on to their gains despite pressure from the wholesale market.  February live cattle closed $.30 higher at $117.37 and April live cattle closed $.57 higher at $119.45.  January feeder cattle closed $.52 higher at $144.35 and March feeder cattle closed $1.27 higher at $142.65.

Continue reading Cattle futures higher on technical support at Brownfield Ag News.