An outlook on current cattle markets
Agriculture futures were mixed Monday on the Chicago Board of Trade, writes the Associated Press.
Wheat for March delivery surged 19 cents to $5.8875 a bushel, while March corn rose 4 cents to $4.175 a bushel and oats for March delivery fell 1 cent to $2.675 a bushel. January soybeans climbed 7.5 cents to $10.605 a bushel.
Meanwhile, beef futures advanced and pork futures traded lower on the Chicago Mercantile Exchange.
February live cattle added 0.15 cent to 85.72 cents a pound; January feeder cattle rose 0.45 cent to 92.95 cents a pound; December lean hogs lost 0.42 cent to 58.6 cents a pound; and February pork bellies shed 0.7 cent to 86.05 cents a pound.
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