Chicago Mercantile Exchange live cattle futures were lower on profit taking, the recent mixed boxed beef trend, and traders waiting for the week’s widespread direct cash business. June was down $1.05 at $104.40 and August was $1.02 lower at $101.77.
Feeder cattle were mostly lower with May up on pre-expiration position squaring and the other months down on profit taking and a lack of follow through after early higher activity.
Continue reading Cattle futures mostly lower ahead of on feed report at Brownfield Ag News.
