At the Chicago Mercantile Exchange, cattle futures closed lower as the market lacks direction ahead of widespread direct cash trade. The seasonal decline in beef values also contributed to the day’s lower beef prices. December live cattle closed $.22 lower at $116.70 and February live cattle closed $.05 lower at $120.60. January feeder cattle closed $.72 lower at $148.42 and March feeder cattle closed $.15 lower at $146.
Direct cash cattle trade is dead quiet.
Continue reading Hog futures lower ahead of G20 talks at Brownfield Ag News.
