At the Chicago
Mercantile Exchange, live cattle futures closed lower in a narrow trading range
ahead of widespread direct cash business and lack of buying interest. Feeder cattle futures were sluggish on the
same factors and long-term supply concerns.
June live cattle closed $.25 lower at $114.80 and August live cattle
closed $.10 lower at $112.55. May feeder
cattle closed $.55 lower at $143.40 and August feeder cattle closed $1.77 lower
at $151.07.
Direct cash cattle trade activity is off to a slow start – which is typical.
Continue reading Cattle, hog futures start week on a negative tone at Brownfield Ag News.
