National Ag News
Cattle futures start week sharply lower
Aug 7, 2017, 16:50 PM
by
System
Chicago Mercantile Exchange live cattle futures were sharply lower on liquidation as the trade watched the distribution of this week’s new direct showlist. The ready numbers look larger in all the major U.S. feeding areas as the U.S. inventory increases, in-line with previous months’ cattle on feed reports. Also, boxed beef at midday was weak. August was down $2.70 at $112.75 and October was $2.97 lower at $111.12.
Feeder cattle were sharply lower on the same factors as the live pit, in addition to the higher move in corn.
Continue reading Cattle futures start week sharply lower at Brownfield Ag News.
