At the Chicago Mercantile Exchange, live cattle were lower waiting for the rest of the week’s direct business and waiting for the on-feed numbers. Feeders are mixed, with nearby contracts higher on the day’s lower move in corn. October live cattle closed $.45 lower at $99.35 and December live cattle closed $.67 lower at $105.15. October feeder cattle closed $.27 higher at $139.20 and November feeder cattle closed $.22 lower at $137.02.
Direct cash cattle trade activity is finishing up. A large string has been reported in Nebraska at $103 live, which is about $3 higher than the prior week’s weighted averages. Heading into the end of the day, bids are at $101 live and $162 dressed. Asking prices are holding at $104 plus in the South and $164 plus in the North.
Continue reading Lean hogs lower as China talks end early at Brownfield Ag News.
