Chicago Mercantile Exchange live cattle futures were steady to higher, closing before widespread direct cash cattle business got underway. The week’s cash optimism was rewarded, with prices up sharply on the week. February was up $.82 at $130.10 and April was $.40 higher at $127.65.
Feeder cattle were mixed on the mixed corn and position squaring ahead of the week’s widespread direct trade. March was down $.10 at $149.72 and April was up $.10 at $152.40.
Continue reading Direct cattle trade at sharply higher prices at Brownfield Ag News.
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