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Cattle Futures: December Contracts Close Higher

14 November 2013

US - Talk of tightening supply supported cattle futures early yesterday as December cattle closed up to $133.750.

At the mid-session, December cattle traded higher, the highest level since 31 October after an early slump at the pit opening. The trend has been for stronger prices through the second week of November. 

Feeder cattle lifted after trading within a small margin, up slightly to $164.975.

Cash cattle bids in the South were reported at $129, according to livestock analyst John Harrington. He said that Kansas and Texas prices 'stayed firm' at $133-$134 and $209-$209 in the North. 

 

TheCattleSite News Desk



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