At the Chicago Mercantile Exchange, cattle futures closed lower on profit taking and pressure from outside markets. The lack of cash activity is also not providing any support. December live cattle closed $.92 lower at $117.14 and February live cattle closed $.55 lower at $121.92. November feeder cattle closed $1.05 lower at $155.87 and January feeder cattle closed $.87 lower at $150.85.
Direct cash cattle trade is at a standstill. Packer inquiry remains very light with a few scattered bids reported in Eastern Nebraska at $174 dressed.
Continue reading Cattle futures fall ahead of cash trade at Brownfield Ag News.
