National Ag News
Wholesale values pressure cattle futures
Dec 6, 2017, 16:44 PM
by
System
At the Chicago Mercantile Exchange, cattle futures closed sharply lower on technical liquidation and the poor cash trade. The weakness in wholesale value is also driving prices lower. The trade is nervous about increased supply and a faltering demand. December live cattle closed $.52 lower at $115.90 and February live cattle closed $1.25 lower at $119.27. January feeder cattle closed $1.80 lower at $146.02 and March feeder cattle closed $1.65 lower at $144.10.
Direct cash cattle trade is light.
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