Chicago Mercantile Exchange live cattle futures were modestly lower on profit taking and the recent wholesale trend, as traders get ready for the week’s widespread direct cash business. August was down $.02 at $108.60 and October was $.32 lower at $109.95.
Feeder cattle were down on the same factors as the live pit, with additional pressure from the firm corn. As corn moved down from its highs, feeders moved up from their lows, ending the session in the middle of the day’s range.
Continue reading Cash, pork push hog futures lower at Brownfield Ag News.
