At the Chicago Mercantile Exchange, live cattle futures ended the day firm with limited support. Feeder cattle futures were under pressure as there is potential for input costs – like corn – to move higher as planting remains challenged for much of the Corn Belt. June live cattle closed $.17 higher at $109.67 and August live cattle closed $.25 higher at $106.97. May feeder cattle closed $.07 lower at $135.92 and August feeder cattle closed $.22 lower at $142.27. A light to moderate direct cash cattle trade has developed in parts of Kansas and Texas at $117 live.
Continue reading Hog futures jump on demand optimism at Brownfield Ag News.
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