National Ag News

At the Chicago Mercantile Exchange, live and feeder cattle futures were sluggish and contracts were somewhat overbought and are at a premium to cash.  Wednesday’s drop in wholesale prices also added pressure to today’s prices.   October live cattle closed $1.42 lower at $112.35 and December live cattle closed $1.25 lower at $117.27.  October feeder closed $.60 lower at $153.55 and November feeder cattle closed $1.12 lower at $154.55.

Light direct cash cattle trade has been reported in parts of the South at $111.00 – $2.00 higher than last week’s weighted average. 

Continue reading Cattle, hogs both pressured by cash premiums at Brownfield Ag News.