At the Chicago Mercantile Exchange, cattle futures ended the day mostly lower on technical selling and last week’s disappointing cash business. The trade is concerned about the additional beef production from higher slaughter numbers and increased weights. However, today’s lower move in corn helped to limit the losses in feeder cattle. December live cattle closed $.40 lower at $115.17 and February live cattle closed $.57 lower at $117.72. January feeder cattle closed $.22 higher at $145.45 and March feeder cattle were unchanged at $143.32.
Continue reading Increased production concerns pressure lean hog futures at Brownfield Ag News.
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