At the Chicago Mercantile Exchange, live and feeder cattle futures closed lower for a second consecutive day pressured by heavy selling. With forecasts for nice weather – strong retail demand is likely but will continue to battle heavy supply. Feeder cattle futures were also pressured by the day’s move up in corn. June live cattle closed $.27 lower at $105.92 and August live cattle closed $.45 lower at $104.07. May feeder cattle closed $2.27 lower at $127.90 and August feeder cattle closed $2.72 lower at $143.47.
Continue reading Heavy selling pressures cattle futures at Brownfield Ag News.
