National Ag News
Hog futures pushed higher on demand strength
At the Chicago
Mercantile Exchange, cattle future were mixed ahead of widespread direct cash
business and concerns after weather continues to plague much of cattle
country. April live cattle closed $.77
lower at $128.32 and June contracts closed $.65 higher at $122.57. April feeder cattle closed $.62 lower at
$146.30 and May contracts closed $.12 lower at $148.32.
Direct cash cattle trade is quiet which is typical to start
the week. This week’s showlists appear
to be mixed – lower in Kansas, Colorado, and Nebraska – but higher in
Texas. Bids and asking prices have yet
to surface and it’s likely significant trade volume will be delayed until the
latter half of the week. Total trade volume
last week was mixed – higher in Kansas and Nebraska but lower in Texas.
At mid-session at the
Oklahoma National Stockyards, receipts are down on the week and up on the
year. Compared to last week, feeder
steers are $2 to $6 higher. Feeder
heifers are steady to $3 higher.
Continue reading Hog futures pushed higher on demand strength at Brownfield Ag News.
