Cattle futures supported by sharply higher boxed beef

Cattle futures supported by sharply higher boxed beef

At the Chicago Mercantile Exchange, live and feeder cattle were higher on tight-ready supplies and the sharply higher boxed beef.  The trade is also waiting for direct business to develop and this week’s Cattle on Feed report. August live cattle closed $5.95 higher at $249.20 and October live cattle closed $5.20 higher at $242. August […] The post Cattle futures supported by sharply higher boxed beef appeared first on Brownfield Ag News.

Cattle Rally on Tuesday

Live cattle futures were in rally mode on Tuesday, closing with contracts up $3.60 to $5.95 higher. Cash trade was mostly $255-258 across the country last week. It has yet to take place so far this week. Feeder cattle futures rallied $5.32 to $6.87 across most contracts on Tuesday. The...