National Ag News
Cattle futures pressured by lower cash trade
Jan 8, 2018, 17:17 PM
by
System
At the Chicago Mercantile Exchange, live cattle futures closed lower on technical pressure and the strong possibility of lower cash trade this week. While wholesale prices have been supportive, the East Coast’s inclement weather could be negatively impacting retail beef demand. February live cattle closed $2.02 at $117.22 and April live cattle closed $1.55 lower at $119.30. January feeder cattle closed $.17 lower at $146.45 and March feeder cattle closed $.05 at $141.92.
A surprising light to moderate direct cash cattle trade has developed in the West.
Continue reading Cattle futures pressured by lower cash trade at Brownfield Ag News.
