Live cattle futures lower ahead of direct business

Live cattle futures lower ahead of direct business

At the Chicago Mercantile Exchange, live cattle were lower, and feeders were mixed watching corn and waiting for direct business to develop.  December live cattle closed $1.05 lower at $135.87 and February live cattle closed $1.40 lower at $137.90.  January feeder cattle closed $.87 lower at $164.85 and March feeder cattle closed $.05 lower at $166.50. 

It was a quiet Tuesday for direct cash cattle trade activity.  Bids did surface in the South at $138 live. 

    

Be the first to comment

Leave a Reply