Ad Astra Brands

Live and feeder cattle futures sharply higher

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Chicago Mercantile Exchange live and feeder cattle futures were sharply higher on technical buying, with feeders picking up additional support from the lower move in corn. February live was up $3.20 at $165.72 and April was $3.35 higher at $169.30. January feeders were $5.02 higher at $215.30 and March was up $4.90 at $216.07.

All was quiet in cash cattle country on Friday. Most of the week’s business came on Wednesday where live trade in the South was at $171, $3 lower than last week’s weighted averages.

Live and feeder cattle futures sharply higher