Cattle futures pressured by cash business

Cattle futures pressured by cash business

Live and feeder cattle were lower watching direct cash business unfold.  December lives closed $3.02 lower at $174.75 and February live cattle closed $3.45 lower at $175.32.  January feeders closed $3.40 lower at $227.50 and March feeders closed $3.40 lower at $230.10.  

There was a light to moderate direct cash cattle trade on Thursday.  Deals in the South were at $178 live, $2 to $3 lower than the previous week’s weighted averages. 


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Cash cattle trade starts week sluggish

Chicago Mercantile Exchange live and feeder cattle futures were sharply lower, pressured by last week’s direct business and Monday’s midday losses