National Ag News

At the Chicago Mercantile Exchange, cattle futures were mostly lower on widespread technical selling. Despite supportive boxed beef trade, contracts were still pulled negative over concerns of heavy production.  Expectations for lower cash trade this week also helped to pressure futures contracts.  December live cattle did close firm on position squaring ahead of its expiration.  December live cattle closed $.05 higher at $116.42 and February live cattle closed $.65 higher at $120.52.  January feeder cattle closed $2.12 lower at $147.82 and March feeder cattle closed $2.00 lower at $145.75.

Continue reading Cattle futures lower on technical selling at Brownfield Ag News.