At the Chicago
Mercantile Exchange, live cattle futures closed lower on weak cash trade and
lower wholesale values. Feeder cattle
futures closed mostly lower on the same factors with additional pressure from
the day’s higher move in corn and ongoing supply concerns. June live cattle closed $.37 lower at $113.87
and August contracts closed $.80 lower at $110.97. May feeder cattle closed $.22 lower at
$141.37 and August feeder cattle closed $.07 higher at $149.22.
Direct cash cattle trade activity continues to develop.
Continue reading Hog futures soar as trade talks advance at Brownfield Ag News.
