At the Chicago
Mercantile Exchange, live cattle futures closed lower following the day’s lower
cash cattle trade and supply and demand worries. Feeder cattle were mixed, also watching
direct business develop. April live
cattle closed $.65 lower at $126.25 and June live cattle closed $1.12 lower at
$119.60. April feeder cattle closed $.32
lower at $145.90 and May feeder cattle closed $.27 lower at $149.52.
A light to moderate direct cash cattle trade developed across most areas on Wednesday – that’s much earlier in the week than we’re used to seeing.
Continue reading Hog futures mixed ahead of Hogs and Pigs report at Brownfield Ag News.
