Broader markets pressure cattle, hog futures

Broader markets pressure cattle, hog futures

At the Chicago Mercantile Exchange, live cattle ended the day sharply lower, pressured by the broader markets as concerns about the impact of the coronavirus increase.  Feeder cattle were sharply lower on the same factors.  April live cattle closed $2.90 lower at $102.85 and June live cattle closed $2.92 lower at $97.10.  March feeder cattle closed $4.50 lower at $126.20 and April feeder cattle closed $4.50 lower at $125.55. 

Direct cash cattle trade activity is typically quiet to start the week.