At the Chicago Mercantile Exchange, cattle futures drifted higher in limited trade activity ahead of widespread direct cash business. There was some positive influence from the price expectations for this year. February live cattle closed $.95 higher at $122.15 and April live cattle closed $.92 higher at $124.52. January feeder cattle closed $2.27 higher at $147.30 and March feeder cattle closed $2.15 at $144.90.
Direct cash cattle trade is quiet with bids and asking prices still not established.
Continue reading Hog futures pressured by demand uncertainty at Brownfield Ag News.
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