National Ag News

Chicago Mercantile Exchange live cattle futures were lower on profit taking, long liquidation, and a lack of following through buying, with traders getting set up for the week’s direct cash business and the USDA’s cattle on feed report. February was $2.95 lower at $122.47 and April was down $2.55 at $122.60.

Feeder cattle were pressured by profit taking and long liquidation, also seeing a late lack of follow through after mostly higher trade for much of the session.

Continue reading Cattle futures sell off ahead of direct business at Brownfield Ag News.