National Ag News

Chicago Mercantile Exchange live cattle futures were higher on technical buying and the higher midday boxed beef, with traders getting ready for the week’s direct cash cattle business. Still, even with the light volume, the gains weren’t as great as Wednesday and if the trade’s cash optimism isn’t rewarded Friday, profit taking could surface quickly. February was $.97 higher at $121.95 and April was up $.70 at $123.47.

Feeder cattle were higher on technical buying and expectations for higher than a week ago direct cash business, along with the weak corn.

Continue reading Cattle futures higher ahead of widespread direct trade at Brownfield Ag News.