At the Chicago
Mercantile Exchange, live cattle ended the day mostly lower on position
squaring ahead of this week’s USDA report.
Feeder cattle were lower on the same factor with additional pressure from
the day’s mostly steady to firm move in corn.
December live cattle closed $.02 higher at $119.32 and February live
cattle closed $.42 lower at $125.05.
November feeder cattle closed $1.07 lower at $145.52 and January feeder
cattle closed $1.47 lower at $142.60.
It was a quiet day for direct cash cattle trade following Wednesday’s light to moderate business.
Continue reading Hog futures higher on an oversold bounce at Brownfield Ag News.
