Chicago Mercantile Exchange live cattle futures were mostly lower on
spread adjustments ahead of the June contract’s expiration and profit taking.
The trade was also getting ready for widespread direct cash business. June was
up $1.57 at $110.57 and August was down $.02 at $105.35.
Feeder cattle were lower on profit taking and position squaring ahead
of the week’s direct business. August was $.02 lower at $135.80 and September
was down $.25 at $136.10.
Continue reading Hog futures higher ahead of quarterly report at Brownfield Ag News.
