At the Chicago Mercantile Exchange, cattle futures closed lower. The lack of direction from the cash cattle trade, softer wholesale values, and concerns over a heavy cattle supply are all contributing to the sluggish cattle prices. May feeder cattle closed $.57 lower at $137.15 and August feeder cattle closed $1.02 lower at $142.70. June live cattle closed $.62 lower at $105.75 and August live cattle closed $1.10 lower at $103.37.
Direct cash cattle trade was fairly quiet with very light scattered trade in parts of the North.
Continue reading Cattle futures pressured by heavy supply at Brownfield Ag News.
