Ad Astra Brands

Cattle futures bounce back after recent losses

SHARE NOW

At the Chicago Mercantile Exchange, live and feeder cattle were sharply higher, bouncing back after the recent slide. December live cattle closed $2.87 higher at $171.65 and February lives closed $4 higher at $172.82.  January feeder cattle closed $8.25 higher at $221.05 and March feeders closed $7.20 higher at $223.50. 

There was another light round of direct cash cattle business reported on Tuesday.  Deals in Kansas and Texas were marked at $175 live, fully steady with Monday’s business, but $2 below the prior week’s weighted averages. 

Cattle futures bounce back after recent losses