Chicago Mercantile Exchange live cattle futures were mostly lower on spread trade, profit taking, and position squaring ahead of the week’s widespread direct cash business. June was up $.07 at $108.37 and August was down $.42 at $104.15.
Feeder cattle were mostly lower on the same factors as the live pit. August was down $.67 at $146.07 and September was $.47 lower at $147.55.
Direct cash cattle markets were mostly quiet.
Continue reading Cattle futures mostly lower ahead of widespread direct trade at Brownfield Ag News.
