At the Chicago
Mercantile Exchange, live cattle futures closed mixed on weak wholesale values,
the lack of direction from the cash trade and long-term supply and demand
concerns. Feeder cattle were mixed on
the same factors. August live cattle
closed $.85 lower at $106.15 and October live cattle closed $.67 lower at
$107.40. August feeder cattle closed
$.07 higher at $138.90 and September feeder cattle closed $.05 higher at $138.75.
Direct cash cattle trade is quiet.
Continue reading Demand concerns pressure cattle, hog futures 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.