Lean hogs start the week sharply lower

Lean hogs start the week sharply lower

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.