At the Chicago
Mercantile Exchange, cattle futures ended the day mostly firm on support from
last week’s higher cash trade and demand expectations. Feeder cattle closed firm on the same factors
with additional support from the weaker move in corn. December live cattle closed $.40 at $118.70
and February live cattle closed $.12 higher at $125.10. November feeder cattle closed $.12 higher at
$146.37 and January feeder cattle closed $.20 higher at $144.47.
Direct cash cattle trade activity is off to a quiet start.
Continue reading Hog futures lower on supply and demand concerns at Brownfield Ag News.
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