At the Chicago Mercantile Exchange, live cattle futures ended the day lower in limited trade volume on weaker wholesale values and the lack of direction in the cash trade. Feeder cattle futures were mostly lower on the same factors with added pressure from the day’s higher move in corn. June live cattle closed $.25 lower at $109.50 and August live cattle closed $.20 lower at $106.72. May feeder cattle closed $.95 higher at $136 and August feeder cattle closed $.60 at $142.50. Direct cash cattle trade was at a near standstill.
Continue reading Hog futures rebound after recent losses at Brownfield Ag News.
