Chicago Mercantile Exchange live cattle futures were pressured by profit taking and the lower midday boxed beef ahead of this week’s widespread direct cash cattle business. This week’s Fed Cattle Exchange event was a non-starter in almost every sense. August was down $.57 at $109.47 and October was $.72 lower at $108.32.
Feeder cattle were sharply lower on profit taking and position squaring relative to the cash index. August was $3.10 lower at $142.25 and September was down $3.62 at $143.12.
Continue reading Cash business, pork pressure hog futures at Brownfield Ag News.
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