Cattle futures slide ahead of significant cash trade

Cattle futures slide ahead of significant cash trade

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.