At the Chicago
Mercantile Exchange, live cattle ended the day sharply lower on follow-through
selling and the ongoing meltdown of the broader markets amid the coronavirus
outbreak concerns. Feeder cattle were
lower on the same factors. April live
cattle closed $3.72 lower at $91.85 and June live cattle closed $4.50 lower at
$85.25. March feeder cattle closed $4.50
lower at $108.50 and April feeder cattle closed $4.50 lower at $108.10.
An active direct cash cattle trade has developed across many areas, which is very atypical for a Monday.
