At the Chicago Mercantile Exchange, live cattle futures closed lower on lack of buyer support and the recent lack of direction from the cash trade. Feeder cattle closed lower, pressured by higher corn futures. August live cattle closed $.20 lower at $108.42 and October contracts closed $.67 lower at $109.80. August feeder cattle closed $.80 lower at $151.50 and September contracts closed $.82 lower at $151.35.
Direct cash cattle trade is fairly quiet.
Continue reading Lean hogs firm on discount to cash at Brownfield Ag News.
