Cattle futures lower ahead of On Feed numbers
At the Chicago Mercantile Exchange, live and feeder cattle ended the day lower ahead of Friday’s Cattle on Feed report, pressured by the weakness in cash business. December live cattle closed $1.57 lower at $214.72 and February live cattle closed $1.85 lower at $215.40. January feeder cattle closed $5.07 lower at 4316.37 and March feeder […]
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Midday cash livestock markets
Direct cash cattle trade activity is quiet following a light trade on Wednesday. Bids have resurfaced at $218 live and $345 dressed. For the week, live deals in the South have been marked at mostly $224, $4 below the prior week’s weighted averages. Dressed business has ranged from $338 to $347, mostly $345, $6 below […]
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