At the Chicago
Mercantile Exchange, cattle futures ended the day higher, supported by the
potential for stronger cash trade during the session and the USDA’s Supply and
Demand report which showed a downward revision to the 2019 beef production estimates. Feeder cattle found support in the days
weaker corn trade. February live cattle closed
$1.07 higher at $127.37 and April live cattle closed $1.10 higher at
$127.92. March feeder cattle closed $.85
higher at $144.10 and April feeder cattle closed $1.02 higher at $145.90.
Direct cash cattle trade continued to improve throughout the day.
Continue reading Cattle futures higher on demand, cash expectations at Brownfield Ag News.
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