At the Chicago Mercantile Exchange, live cattle ended the day lower on follow-through selling, the steady start to direct cash business, and waiting for Friday’s Cattle on Feed report. Feeder cattle were mostly lower on the same factors. February live cattle closed $.20 lower at $126.17 and April live cattle closed $.45 lower at $126.77. January feeder cattle closed $1.15 lower at $143.92 and March feeders closed $1.62 lower at $143.05.
A light to moderate direct
cash cattle trade developed on Thursday.
Live deals were at mostly $124 in the South, fully steady with last week’s
averages. There were a few scattered deals
reported in the North at $198 dressed, but not near enough to establish a trend. Asking prices will likely be restated around
$126 live and $202 dressed.
At the Winter Livestock Auction in Dodge City, Kansas, compared to last week feeder steers 650 to 800 pounds were mostly $2 to $3 lower, 800 to 950 pounds had a higher undertone noted on a limited test.
Continue reading Cattle futures lower ahead of Cattle On Feed numbers at Brownfield Ag News.
