At the Chicago Mercantile Exchange, live cattle futures closed mostly lower ahead of widespread direct cash business with pressure from the lack of strong wholesale demand and carry-over from the lean hog trade. Feeder cattle futures closed lower on the day’s higher move in corn and in wheat. August live cattle closed $.20 higher at $102.42 and October live cattle closed $.12 lower at $104.02. August feeder cattle closed $1.90 lower at $131.77 and September feeder cattle closed $1.70 lower at $132.35. Direct cash cattle trade is off to slow start this week.
Continue reading Lean hogs start the week sharply lower at Brownfield Ag News.
