At the Chicago
Mercantile Exchange, cattle futures closed mostly lower pressured by the less
than stellar showing in the cash market.
The inclement weather is also presenting some challenges and limiting positive
market movement. Contracts are at a
premium to cash. Feeder cattle futures
were pressured by the day’s higher move in corn. February live cattle closed $.70 higher at
$126.05 and April live cattle closed $.37 higher at $126.85. January feeder cattle closed $.40 lower at
$143.27 and March feeder cattle closed $.70 lower at $143.62.
A light to moderate direct cash cattle trade developed in Kansas, Nebraska, and Colorado Friday afternoon at $122 to $123 live and $197 dressed.
Continue reading Cattle futures sluggish following weak cash trade at Brownfield Ag News.
