At the Chicago Mercantile Exchange, cattle futures closed lower ahead of widespread direct cash business and pressure from wholesale values. December live cattle closed $.77 lower at $114.60 and February live cattle closed $.15 lower at $118.60. January feeder cattle were unchanged and March feeder cattle were $.32 lower at $143.80.
Direct cash cattle trade has been fairly quiet. There are just a few scattered bids on the table at $109 live and $175 to $176 dressed.
Continue reading Cattle futures lower ahead of cash business at Brownfield Ag News.
