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Cattle futures firm ahead of widespread cash business

Cattle futures firm ahead of widespread cash business

At the Chicago

Mercantile Exchange, cattle futures ended the day firm on optimism ahead of

widespread direct cash business.  Firm

wholesale values also provided some support. 

Feeder cattle were mixed finding some support in the day’s lower move in

corn.  February live cattle closed $.07

higher at $124.87 and April live cattle closed $.12 higher at $125.92.  January feeder cattle closed $.07 lower at

$146.75 and March feeder cattle closed $.17 higher at $145.07.

It’s been a quiet week for direct cash cattle trade. 

Continue reading Cattle futures firm ahead of widespread cash business at Brownfield Ag News.