Feeder Cattle Hits All Time Highs Again

14 Feb in Blog, feeder cattle, hogs, live cattle

Feeder cattle for March delivery rose 150 points to close at an all time high of 156.37 surging on lower corn and soymeal prices and the lowest supply since 1952. Live cattle jumped 112 points to close near its contract high at 129.25. Lean hogs surged more than 165 points to close at 89.65 in heavy trading in Chicago. In my opinion the meats look like they are headed higher going into the summer demand season.

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