At the Chicago
Mercantile Exchange, live cattle ended the day sharply lower on follow-through
selling, and the decline in prices picked up steam after the Dow started to
drop, there is ongoing concern about the overall impact of the coronavirus
outbreak. Feeder cattle were lower on
the same factors. The significantly lower
start to cash trade does not bode well for cattle business this week. February live cattle closed $1.97 lower at
$115.02 and April live cattle closed $2.30 lower at $122.95. March feeder cattle closed $3.05 lower at $132.97
and April feeder cattle closed $3.47 lower at $134.12.
