National Ag News

Chicago Mercantile Exchange cattle futures started the week off mostly lower.  Contracts were unable to build momentum in one direction or another.  Lower boxed beef prices at the midday were not supportive of a higher move.  Look for demand to weaken before next week’s Thanksgiving holiday and that could continue to cause weakness in cattle contracts.  December live cattle were unchanged at $120.57 and February live cattle were down $.35 at $126.40.  The November feeder cattle was $.22 higher at $158.70 – however it expires this Thursday and explains some of today’s movement. 

Continue reading Cattle, hog futures looking for direction at Brownfield Ag News.