National Ag News
Cattle futures lower ahead of On Feed report
Nov 17, 2017, 17:12 PM
by
System
Chicago Mercantile Exchange cattle futures ended the day and the week lower. Feeder cattle futures are under aggressive pressure from Friday’s higher move in corn. A lot of today’s activity was position squaring ahead of this afternoon’s Cattle on Feed report. Today’s report brought another round of large placements. While the market has been able to power through recent negative reports, that could change with the already lower trend in cattle prices. December live cattle closed $.70 lower at $118.85 and February live cattle closed $.45 lower at $124.67.
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