National Ag News

At the Chicago Mercantile Exchange, cattle futures closed sharply lower following Friday’s Cattle on Feed report, which confirmed big placements and increased marketings.  Trade volumes are sluggish at best.  Beef wholesale values at the midday didn’t help prices and feeder cattle were also pressured by today’s higher move in corn.  December live cattle closed $1.75 lower at $117.10 and February live cattle closed $1.65 lower at $123.02.  January feeder cattle closed $2.17 lower at $149.55 and March feeder cattle closed $2.07 lower at $148.05.

Continue reading Cattle pressured by on feed numbers at Brownfield Ag News.