At the Chicago
Mercantile Exchange, live cattle futures ended the day under light pressure
from technical selling and the moderate cash trade that was steady with last
week’s business. Feeder cattle futures
were also pressure by the days firm move in corn. April live cattle closed $.02 lower at
$125.87 and June live cattle closed $.40 lower at $119.95. April feeder cattle closed $.97 lower at $145.17
and May contracts closed $.95 lower at $149.22.
A light to moderate direct cash cattle trade has developed in parts of the South.
Continue reading Wholesale values support hog futures at Brownfield Ag News.
