At the Chicago Mercantile Exchange, cattle futures closed mostly lower in a narrow range on light trade activity. There has been some position squaring ahead of the Cattle on Feed report. Feeder cattle were also pressured by higher corn prices. October live cattle closed $.65 lower at $112.45 and December live cattle closed $.07 lower at $117.90. September feeder cattle closed $.15 higher at $155.67 and October contracts closed $.60 lower at $157.27.
A light direct cash cattle trade has developed in parts of the North with dressed deals marked at $175.
Continue reading Demand uncertainties pressure deferred hog futures at Brownfield Ag News.
