At the Chicago Mercantile Exchange, live and feeder cattle futures traded both sides ahead of Friday’s Cattle on Feed numbers. The market was also looking for direction from cash trade but found some support in the recent strength in the wholesale prices. With the report’s release look for selling pressure to develop early on Monday. October live cattle closed $.47 higher at $111.67 and December live cattle closed $.45 higher at $116.60. October feeder cattle closed $.47 higher at $153.62 and November feeder cattle closed $.30 higher at $153.07.
Continue reading Cattle futures up ahead of bearish Cattle on Feed report at Brownfield Ag News.
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