At the Chicago Mercantile Exchange, cattle futures closed slightly lower falling to pressure from the outside markets and uncertain export future. The lack of direction from the cash trade hasn’t helped the futures markets gain any momentum. June live cattle closed $.37 lower at $108.65 and August contracts closed $.52 lower at $106.12. August feeder cattle closed $.95 lower at $148.47 and September contracts closed $.79 lower at $149.25.
Another quiet day in cattle country.
Continue reading Cattle futures fall to pressure of outside markets at Brownfield Ag News.
