Hog futures higher ahead of bearish report


Hog futures higher ahead of bearish report

At the Chicago Mercantile Exchange, cattle futures closed higher despite mixed fundamentals on a reversal from yesterday.  Prices have dropped enough to generate increased buyer interest.  August live cattle closed $1.00 higher at $103.72 and October contracts closed $.87 higher at $107.02.  August feeder cattle closed $1.05 higher at $146.82 and September contracts closed $.90 higher at $147.37.

The majority of direct cash cattle trade could be wrapped up for the week.  Cattle country has been quiet with just a few scattered bids reported. 

Continue reading Hog futures higher ahead of bearish report at Brownfield Ag News.