Cattle, hog futures continue decline under broader market pressure

Cattle, hog futures continue decline under broader market pressure

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.