At the Chicago Mercantile Exchange, live cattle ended the day weak to lower on limited trade volume following the Thanksgiving day holiday. Feeder cattle were also lower, pressured by the day’s higher move in corn. December live cattle closed $.22 lower at $121.20 and February live cattle closed $.50 lower at $126.20. January feeder cattle closed $1.05 lower at $142.27 and March feeder cattle closed $.90 lower at $143.02.
Direct cash cattle trade finished the week quietly. Most of the week’s business was completed ahead of the holiday break. Some late bids did come in on Wednesday for live cattle in Iowa at $118, Texas and Kansas $119, and in Nebraska at $120. At least some business expected to develop through the balance of the day today.
Continue reading Hog futures higher on demand optimism at Brownfield Ag News.
