National Ag News

Chicago Mercantile Exchange live cattle futures were higher, supported by follow through technical buying, the higher midday boxed beef, and cash optimism ahead of widespread direct business. Light commercial support was also present. The USDA’s monthly cattle on feed numbers are out Friday and the semi-annual inventory report is due on the 31st. February was $1.17 higher at $124.72 and April was up $.82 at $124.80.

Feeder cattle were up on wholesale business, technical buying, and position squaring ahead of the week’s direct trade.

Continue reading Cattle futures up on technical buying, midday boxed beef at Brownfield Ag News.