At the Chicago
Mercantile Exchange, cattle futures traded in a narrow range ahead of widespread
direct cash business, lack of support in wholesale values, and ahead of the
reports coming out on Friday which will give the industry the first real look
at supply and demand numbers since the government shutdown. Feeder cattle found some support in the days
weaker move in corn. February live cattle closed $.10 lower at $126.30
and April live cattle closed $.32 lower at $126.82. March feeder cattle closed $.07 higher at
$143.25 and April feeder cattle closed $.02 higher at $144.87.
Continue reading Cattle futures waiting for cash trade at Brownfield Ag News.
