At the Chicago
Mercantile Exchange, live cattle futures stumbled on technical pressure and
weak wholesale values. Feeder cattle
futures were lower on technical selling and lack of demand certainty in the market. April live cattle closed $1.55 lower at $126.77
and June live cattle closed $2.77 lower at $118.35. May feeder cattle closed $3.10 lower at
$146.52 and August feeder cattle closed $2.97 lower at $156.72.
Direct cash cattle trade has followed its recent trend with light to moderate business developing on Wednesday.
Continue reading Cattle futures lower on technical pressure at Brownfield Ag News.
