At the Chicago Mercantile Exchange, live cattle futures continued their sharp losses and ended the day mostly limit down. The reduction in slaughter capacity continues to add pressure to prices. Feeder cattle were lower on the same factors, but, were somewhat limited by the day’s lower move in corn. October live cattle closed $4.50 lower at $99.25 and December live cattle closed $4.50 lower at $103.95. September feeder cattle closed $6.75 lower at $127.20 and October feeder cattle closed $6.20 lower at $127.55.
Direct cash cattle trade is still at a standstill.
Continue reading Cattle futures continue to slide at Brownfield Ag News.
