At the Chicago
Mercantile Exchange, live cattle futures ended the day lower in limited trade
volume on the weak cash trade and demand concerns. Feeder cattle futures closed lower on the
same factors with added pressure from the day’s higher move in corn. October live cattle closed $.47 lower at
$98.05 and December live cattle closed $.75 lower at $103.52. September feeder cattle closed $.92 lower at
$132.37 and October feeder cattle closed $.90 lower at $132.85.
There was a very light direct cash cattle trade to wrap up the week at $106 live.
Continue reading Hogs, cattle futures slide into the weekend at Brownfield Ag News.
