National Ag News

Chicago Mercantile Exchange live cattle futures were sharply lower on another round of liquidation, as the trade gets ready for widespread direct cash business. Boxed beef at midday was mixed, the Fed Cattle Exchange trade was uninspiring, and futures are tentative about this week’s direct trade after last week’s losses. August was down $2.20 at $113.55 and October was $1.92 lower at $112.82.

Feeder cattle futures were sharply lower on the firm corn, in addition to continued liquidation and the cash and wholesale concerns.

Continue reading Cattle down sharply ahead of direct cash trade at Brownfield Ag News.