Chicago Mercantile Exchange live cattle futures were mostly modestly lower, getting ready for the week’s widespread direct cash cattle business. Additional pressure came from the lower midday boxed beef, and, with another week of no sales, there was no influence from the Fed Cattle Exchange. December was the only contract in the black, up $.67 at $116.10, and February was down $.80 at $119.60.
Feeder cattle were weak to sharply lower, also ahead of widespread direct cash trade.
Continue reading Cattle mostly lower, waiting for widespread direct trade at Brownfield Ag News.
