National Ag News

At the Chicago Mercantile Exchange, live cattle futures were drug lower by the feeder cattle complex, the weak cash trade, and lower wholesale values.  Feeder cattle futures were sharply lower as the market continues to worry about excess supply with not enough demand.  June live cattle closed $.20 lower at $113.67 and August live cattle closed $.80 lower at $110.17.  May feeder cattle closed $2.40 lower at $138.97 and August feeder cattle closed $1.32 lower at $147.90. 

Continue reading Supply concerns pressure feeder cattle futures at Brownfield Ag News.