Chicago Mercantile Exchange live cattle futures were higher, supported by technical buying, with traders watching the distribution of this week’s direct cash cattle showlist. The trade’s also watching for potential disruptions to animals or movement from winter weather in parts of the Midwest and Plains. February was $1.65 higher at $123.55 and April was up $1.25 at $123.97.
Feeder cattle were mostly higher on spread trade, technical buying, and spillover from live cattle, getting ready for the week’s direct business.
Continue reading Hog futures down on demand uncertainties at Brownfield Ag News.
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