At the Chicago Mercantile Exchange, the lack of direction from the cash market and the recent decline in wholesale prices pressured live cattle futures. The negative moves today in lean hogs also carried over to cattle futures. Feeder cattle contracts ended the day higher as corn prices fell and inputs remain extremely low. August live cattle closed $.67 lower at $105.45 and October contracts closed $.80 lower at $107.82. August feeder cattle closed $.40 higher at $151.85 and September contracts closed $.27 higher at $152.05.
Continue reading Lean hog futures pressured by demand uncertainty at Brownfield Ag News.
