National Ag News

At the Chicago Mercantile Exchange, live and feeder cattle were pressured by supply bearishness in low trade volume and today’s lower wholesale trade also added pressure to prices.  October live cattle closed $.55 lower at $111.17 and December live cattle closed $.85 lower at $115.97.

Packer inquiry has been generally light with just a few scattered bids noted in parts of Kansas and Nebraska at $109 live and $173 dressed.  Buying interest could begin to improve around midweek, but don’t be surprised if significant business is delayed until Thursday or even Friday. 

Continue reading Cattle futures pressured by bearish supply at Brownfield Ag News.