Cattle futures pressure by lower cash and wholesale business

Cattle futures pressure by lower cash and wholesale business

At the Chicago Mercantile Exchange, live and feeder cattle ended the day lower watching corn with additional pressure from lower cash and wholesale business.  April live cattle closed $1.75 lower at $138.35 and June live cattle closed $1.35 lower at $135.15.  April feeder cattle closed $2.47 lower at $160.52 and May feeder cattle closed $2.50 lower at $165.55. 

Direct cash cattle trade activity was quiet following the active day on Wednesday.  Live deals in the South were at mostly $140, $2 lower than last week’s weighted averages.