At the Chicago Mercantile Exchange, cattle futures closed mostly lower in anticipation of Friday’s reports. The nearby contract did show some strength in light trade volume on position squaring ahead of its expiration. December live cattle closed $1.07 higher at $119.97 and February live cattle closed $.42 lower at $120.60. January feeder cattle closed $.10 lower at $147.65 and March feeder cattle closed $.30 lower at $145.25.
Direct cash cattle trade was quiet.
Continue reading Hogs, cattle futures lower ahead of Friday’s reports at Brownfield Ag News.
Copyright © 2024 Indiana Farm Bureau®, Inc. is a member of the American Farm Bureau Federation®, a national organization of farmers and ranchers including Farm Bureau® organizations in 49 other states and Puerto Rico, and is responsible for Farm Bureau membership and programs within the State of Indiana.