National Ag News

At the Chicago Mercantile Exchange, live cattle closed mostly lower on profit taking and position squaring ahead of tomorrow’s Cattle on Feed report and widespread direct cash trade.  Feeder cattle closed higher on short covering ahead of tomorrow’s report.  October live cattle closed $.27 lower at $111.20 and December live cattle closed $.50 lower at $116.15.  October feeder cattle closed $.62 higher at $153.15 and November feeder cattle closed $.70 higher at $152.77.

Direct cash cattle trade is at a standstill this afternoon. 

Continue reading Cattle futures position ahead of on feed numbers at Brownfield Ag News.