National Ag News
Cattle futures hit hard by on feed, inventory numbers
Jul 24, 2017, 16:41 PM
by
System
Chicago Mercantile Exchange live cattle futures were sharply lower, pressured by last Friday’s USDA cattle on feed and inventory numbers. Those reports confirmed recent talk of the continued expansion of the U.S. herd and the huge jump in placements implies a lot of beef hitting the market late this year and early next year. August was down $2.55 at 4113.87 and October was $3.00 lower at $114.40.
Feeder cattle were sharply lower on those USDA numbers from last week.
Continue reading Cattle futures hit hard by on feed, inventory numbers at Brownfield Ag News.
