At the Chicago
Mercantile Exchange, live cattle futures closed firm in a narrow range ahead of
widespread direct cash business and ahead of the USDA’s Cattle on Feed and Cold
Storage reports. Feeder cattle futures were
mostly lower ahead of the USDA reports. April
live cattle closed $.27 higher at $128.87 and June live cattle closed $.22
higher at $119.47. March feeder cattle
closed $.32 lower at $142.90 and April feeder cattle closed $.22 lower at
$145.30.
A few more bids started to surface following the release of the USDA’s latest round of delayed reports.
Continue reading Cattle, hogs mixed ahead of USDA numbers at Brownfield Ag News.
