National Ag News

At the Chicago Mercantile Exchange, cattle futures closed lower in choppy trade.  The market is still nervous about demand uncertainties as NAFTA negotiations are ongoing.  The larger showlists and lack of direction in the cash market is also adding pressure.  June live cattle closed $.17 lower at $104.72 and August contracts closed $1.17 lower at $102.45.  August feeder cattle closed $1.47 lower at $144.85 and September closed at $145.60, $1.00 lower.

Direct cash cattle trade has remained quiet following the distribution of new showlists. 

Continue reading Trade uncertainties pressure hog, cattle markets at Brownfield Ag News.