Chicago Mercantile Exchange live cattle futures were sharply lower,
following the lead of feeders, despite another higher move in boxed beef at
midday and light, but steady to higher, direct business in the south. December
was down $1.65 at $118.10 and February was $1.47 lower at $124.10.
Feeder cattle were down sharply on technical selling. November lost
$2.22 to $145.57 and January dropped $4.30 to $142.82.
Direct cash cattle markets were mostly quiet.
Continue reading Hog futures mostly lower with pork down at midday at Brownfield Ag News.
