National Ag News
Second consecutive week of no-sales on the Fed Cattle Exchange
Aug 23, 2017, 17:14 PM
by
System
On the Chicago Mercantile Exchange, cattle futures closed lower on profit taking as traders turn their attention on the potential supply growth that could be unveiled in Friday’s Cattle on Feed report. Pre-report estimates have all major categories above a year ago. August live cattle closed down $1.07 at $105.65 and October live cattle closed down $1.55 at $106.17. The new contract low in December corn provided some support to the feeder cattle market. August feeder cattle ended the day down $.45 at $141.62 and September feeder cattle closed $.15 lower at $141.90.
