At the Chicago
Mercantile Exchange, live cattle ended the day sharply lower, pressured by the
weaker cash trade, weakness in wholesale values, and the overall negative tone
of the broader markets amid ongoing coronavirus concerns. Feeder cattle were sharply lower on the same
factors as the live pit. April live
cattle closed $2.37 lower at $103.07 and June live cattle closed $2.27 lower at
$97.25. March feeder cattle closed $4.42
lower at $123.32 and April feeder cattle closed $4.42 lower at $123.52.
A light to moderate trade developed across all feeding areas on Wednesday.
