At the Chicago Mercantile Exchange, live cattle ended the day mostly lower on profit-taking and ahead of widespread direct cash business. Feeder cattle closed lower on pressure from the day’s modestly higher move in corn. There could also be some outside pressure as Cargill shut down its operations on Thursday at the Dodge City, Kansas plant following an explosion at a small stand-alone facility on the property. October live cattle closed $.05 higher at $112.40 and December live cattle closed $.50 higher at $114.37.
Continue reading Cattle, hogs lower on profit-taking at Brownfield Ag News.
