At the Chicago Mercantile Exchange, live cattle closed lower on profit-taking, concerns about long-term demand, and the overall negative tone of the market. Feeder cattle futures were lower on the same factors with added pressure from the day’s higher move in corn. June live cattle closed $2.70 lower at $109.75 and August live cattle closed $1.97 lower at $106.92. May feeder cattle closed $2.57 lower at $135.05 and August feeder cattle closed $3.72 lower at $143.10.
Continue reading Hog futures tumble amid trade concerns at Brownfield Ag News.
