At the Chicago Mercantile Exchange, both live and feeder cattle futures closed lower as live cattle continued to sell off contracts and feeder cattle futures saw profit-taking. With today’s low trade volume, the moves looked more drastic than they really were. The market is still looking for direction from cash cattle and traders are also looking ahead to Friday’s Cattle-on-Feed report. October live cattle closed $1.10 lower at $111.72 and December live cattle closed $.30 lower at $116.82.
Continue reading Lean hogs higher on cash and wholesale support at Brownfield Ag News.
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