Chicago Mercantile Exchange live cattle futures were sharply lower on
spillover from the broader market and the U.S. lifting its’ ban on imports of
beef from Brazil. February was down $2.72 at $117 and April was $3.00 lower at
$115.25.
Feeder cattle were sharply lower, mostly limit down, on the same
factors as the live pit. March was $4.17 lower at $136.02 and April was down
$4.50 at $137.60.
Direct cash cattle markets were quiet.
Continue reading Coronavirus concerns pressure livestock futures at Brownfield Ag News.
