Late rallies drove cattle futures higher
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Late rallies drove cattle futures higher

On the Chicago Mercantile Exchange live and feeder cattle ended higher.  Both rallied late in the session on short-covering and oversold signals.  August live cattle closed up $.87 at $109.72 and October live cattle closed up $.80 at $107.40.  August feeder cattle closed up $.60 at $141.77 and September feeders closed up $.92 at $142.22.

Direct cash cattle trade was at near standstill with minimal cleanup trade.  After the moderate business this week, DTN says some cattle will likely be carried over into next week.

Continue reading Late rallies drove cattle futures higher at Brownfield Ag News.

     

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