Cattle futures ended the day lower as the market waits for widespread direct cash business. August live cattle closed $.50 lower at $106.42 and October live cattle closed $.15 lower at $108.50. August feeder cattle closed $1.10 lower at $151.27 and September feeder cattle closed $.75 lower at $151.70.
Direct cash cattle trade is at a standstill. Both bids and asking prices are poorly defined. Cash business could start to take shape sometime on Wednesday, but significant trade volume could be delayed until Thursday or Fridays.
Continue reading Cattle futures lower ahead of cash trade at Brownfield Ag News.
