Chicago Mercantile Exchange live cattle futures were mostly lower,
getting ready for widespread direct business and Friday’s USDA Cattle on Feed
report. Ahead of the report, on average, analysts expect higher placements and
a bigger on feed total, against lower marketings. December live was up $.02 at
$122.25 and February was down $.17 at $126.12.
Feeder cattle were lower on the same factors as the live pit. January
was down $.60 at $144.55 and March was $.82 lower at $144.90.
Continue reading Hogs mostly lower with cash, wholesale pressure at Brownfield Ag News.
