Chicago Mercantile Exchange live cattle futures were higher on technical buying, the higher midday boxed beef, and at least some continued optimism ahead of the week’s direct cash business. The firm corn also provided some support. February was $.70 higher at $125.42 and April was up $.35 at $125.15.
Feeder cattle were lower on profit taking and the modestly higher move in corn. January was $.47 lower at $148.15 and March was down $.57 at $146.40.
Continue reading Commercial demand supports hog futures at Brownfield Ag News.
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