Cattle futures mostly lower, still waiting for direct cash

Cattle futures mostly lower, still waiting for direct cash

Chicago Mercantile Exchange live cattle futures were mostly lower, closing before the start of the week’s widespread direct cash business. February was up $.50 at $126.62 and April was down $.20 at $127.17.

Feeder cattle were lower ahead of widespread direct trade. March was $1.47 lower at $142.60 and April was down $1.27 at $145.22.

Direct cash cattle markets stayed quiet well into Friday afternoon. Some very light trade was reported at $127 live in Illinois and $199 dressed in Iowa and Nebraska.

Continue reading Cattle futures mostly lower, still waiting for direct cash at Brownfield Ag News.