At the Chicago Mercantile Exchange, cattle futures ended the day higher supported by sharply higher wholesale values at midday. The market is still waiting for direction from the cash trade. February live cattle closed $1.02 higher at $122.57 and April live cattle closed $.75 higher at $124.60. January feeder cattle closed $.82 higher at $146.20 and March feeder cattle closed $.97 higher at $144.30.
Direct cash cattle trade activity has been essentially non-existent.
Continue reading Supply, demand concerns pressure hog futures at Brownfield Ag News.
