Chicago Mercantile Exchange live cattle futures were sharply lower on long liquidation and slow beef demand as traders prepared for the week’s widespread direct cash business. June was $1.67 lower at $106.25 and August was down $2.02 at $101.87.
Feeder cattle were sharply lower on the same factors as the live pit. Losses were somewhat limited by the lower corn. August was down $1.97 at $143.67 and September was $1.87 lower at $144.80.
Continue reading Cattle futures lower ahead of widespread direct business at Brownfield Ag News.
