Chicago Mercantile Exchange live cattle futures were mostly lower on profit taking and technical selling, along with spread trade and position squaring ahead of the USDA’s Cattle on Feed report. June was up $.37 at $111.17 and August was down $.20 at $107.95. Feeder cattle were mostly lower on the same factors as the live pit. August was $.20 higher at $143.22 and September was $.12 lower at $143.87. Direct cash cattle markets were at a standstill, with business essentially wrapped up after the light to active trade reported Wednesday.
Continue reading Hog futures down on cash pressure at Brownfield Ag News.
