At the Chicago
Mercantile Exchange, live cattle futures ended the day lower on pressure from
wholesale values, the steady to weak cash trade, and position squaring ahead of
Friday’s report. Feeder cattle futures
were lower on the same factors with additional pressure from the days steady to
firm move in corn. August live cattle closed
$.10 lower at $108.12 and October live cattle closed $.50 lower at $108.75. August feeder cattle closed $.47 lower at
$140.57 and September feeder cattle closed $1.10 lower at $140.77.
A light to moderate trade has developed across cattle country.
Continue reading Demand expectation pushes lean hogs higher at Brownfield Ag News.
