Cash Cattle Moves Cattle Futures Higher Again
Wednesday closed as another strong day for cattle contracts while the lean hog complex close mixed.
Wednesday’s Fed Cattle Exchange ignited a strong cash cattle market that eventually carried into the major feeding states. Cash cattle trade was anticipated to be stronger again this week, but $4.00 higher came as a bit of a surprise. Thankfully the cattle contracts have been able to move the board with the cash market’s rally.