National Ag News
Cattle futures pressured by supply expectations
Dec 4, 2017, 17:09 PM
by
System
At the Chicago Mercantile Exchange, cattle futures closed mostly lower as Friday’s pressure carried over into the new week. The trade is growing wearier of a heavy supply that could overwhelm holiday demand for high-quality beef. While weights have declined – the large number of cattle slaughtered is outpacing the reduction in weights. Strong moves in wholesale values helped temper today’s losses. December live cattle closed $.85 lower at $116.37 and February live cattle closed $.80 lower at $121.17.
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