At the Chicago Mercantile Exchange, live cattle futures were lower on profit-taking ahead of widespread direct cash business. Feeder cattle futures were lower on the same factors with additional pressure from the outside markets. August live cattle closed $.27 lower at $108.22 and October live cattle closed $.52 lower at $109.25. August feeder cattle closed $.60 lower at $141.05 and September feeder cattle closed $.72 lower at $141.87.
Direct cash cattle trade is at a standstill.
Continue reading Outside markets pressure cattle futures at Brownfield Ag News.
