National Ag News
Cattle futures pressured by heavier weights and lackluster exports
Nov 16, 2017, 17:11 PM
by
System
Chicago Mercantile Exchange cattle futures closed lower as the overall tone of the market remains weak. Reports of heavier weights, less than stellar export sales and limited cash trade aren’t helping. The drop in wholesale values is adding pressure and the lack of support in the market continues to drive selling pressure. December live cattle closed $.65 lower at $119.55 and February live cattle closed $.62 lower at $125.12. November feeder cattle closed $.22 lower at $157.77 and January feeder cattle closed $.35 lower at $153.90.
