At the Chicago Mercantile Exchange, live and feeder cattle futures closed weak in limited trade volume ahead of widespread direct cash business. Contracts were pressured by profit-taking and weak to lower wholesale values. Feeder cattle were hit by additional pressure from the day’s slightly higher corn trade. February live cattle closed $.50 lower at $124.80 and April live cattle closed $.35 lower at $125.80. January feeder cattle closed $.80 lower at $146.82 and March feeder cattle closed $.55 lower at $144.90.
Continue reading Cash prices push hog futures higher at Brownfield Ag News.
