National Ag News
Cattle down ahead of cash business, USDA reports
Jul 20, 2017, 16:25 PM
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Chicago Mercantile Exchange live cattle futures were lower ahead of widespread direct cash cattle business and Friday’s USDA numbers. The monthly on feed and bi-annual inventory numbers are scheduled to be released on the 21st at 3 PM Eastern/2 PM Central. August was $1.40 lower at $115.87 and October was down $1.80 at $117.07.
Feeder cattle were down sharply on the higher corn, in addition to position squaring ahead of direct cash trade and the USDA numbers.
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