Chicago Mercantile Exchange live cattle futures were lower, with
pressure from the outside markets and feeder cattle, along with the week’s
steady to lower cash business. Friday afternoon, the U.S. and European Union
did sign an agreement to increase beef trade. August was $.22 lower at $107.65
and October was down $.90 at $107.82.
Feeder cattle were sharply lower on long liquidation and the firm move
in corn. August was down $1.60 at $139.62 and September was $3.30 lower at
$138.22.
Continue reading Hog futures sell off further at Brownfield Ag News.
