At the Chicago Mercantile Exchange, live cattle futures ended the day higher on strength in wholesale values. Feeder cattle were mostly lower on commercial spread trade. August live cattle closed $.77 higher at $107.95 and October contracts closed $.57 higher at $108.72. August feeder cattle closed $.27 higher at $148.92 and September feeder cattle closed $.22 higher at $148.67.
Direct cash cattle trade is quiet – with bids and asking prices poorly defined.
Continue reading Live cattle higher on wholesale support at Brownfield Ag News.
