Chicago Mercantile Exchange live cattle futures were down ahead of the week’s widespread direct cash business and Friday’s USDA Cattle on Feed report, which could show year-to-year increases in all the major categories. Monthly livestock slaughter numbers are out Thursday. June was $.20 lower at $110.65 and August was down $.32 at $107.95. Feeder cattle were mostly lower on the same factors as the live pit. Soon-to-expire May was the exception, up $1.07 at $135.45, and August was down $.40 at $142.60.
Continue reading Cattle futures mostly lower, watching direct trade at Brownfield Ag News.
