At the Chicago
Mercantile Exchange, live cattle closed lower pressured by the sharply lower
hog futures and the lack of direction from the cash trade. Feeder cattle were mostly lower on the same
factors with additional pressure from long-term demand concerns. August live cattle closed $.67 lower at
$107.12 and October live cattle closed $1.17 lower at $106.22. August feeder cattle closed $.55 lower at
$139.97 and September feeder cattle closed $.05 higher at $139.45.
Direct cash cattle trade activity if off to a quiet start again this week.
Continue reading Lean hog sell-off continues at Brownfield Ag News.
