At the Chicago
Mercantile Exchange, live cattle ended the day lower ahead of widespread direct
cash business and concerns about long-term beef demand. Feeder cattle were lower on the same
factors. December live cattle closed $1.07 lower at
$117.22 and February live cattle closed $.75 lower at $122.35. November feeder cattle closed $.27 lower at $147.60
and January feeder cattle closed $.12 lower at $144.67.
Direct cash cattle trade saw another round of light business.
Continue reading Cattle futures slide ahead of significant cash trade at Brownfield Ag News.
