At the Chicago Mercantile Exchange, cattle futures were mostly lower. Live cattle have been waiting for widespread direct cash business to develop and the USDA’s Cattle on Feed and Inventory reports. Feeder cattle were lower on position squaring ahead of the reports. Contracts faced additional pressure from the day’s firm move in corn. The reports initially look bearish. August live cattle closed $.02 higher at $108.92 and October live cattle closed $.40 lower at $110.25.
Continue reading Pork values pressure lean hog futures lower at Brownfield Ag News.
