National Ag News

Chicago Mercantile Exchange live cattle futures were mostly lower on profit taking, beef demand uncertainties, and spread trade, while the pit waited to see how much direct cash business was left to be done. The answer, apparently, was not all that much. August was the only contract in the black, up $.22 at $115.45, while more active October was down $.372 at $114.10.

Feeder cattle were lower on the firm corn, profit taking, and spillover from the live pit.

Continue reading Direct cattle trade limited to clean-up at Brownfield Ag News.