At the Chicago
Mercantile Exchange, live cattle futures were higher on optimism ahead of
widespread direct cash business and stronger wholesale values. Nearby feeder cattle were under pressure from
the days modest move in corn, but found support in the deferred months on the
same factors as the live pit. August
live cattle closed $.47 higher at $107.60 and October live cattle closed $.22
higher at $106.45. August feeder cattle
closed $.42 lower at $139.55 and September feeder cattle closed $.07 lower at
$139.37.
A light direct cash cattle trade developed today.
Continue reading Lean hogs higher on oversold bounce at Brownfield Ag News.
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