Cattle futures slide as cash prices continue to decline

Cattle futures slide as cash prices continue to decline

At the Chicago Mercantile Exchange, live and feeder cattle closed sharply lower, pressured by the decline in cash business. February live cattle closed $5.42 lower at $163.55, and April live cattle closed $4.82 lower at $166.67.  January feeder cattle closed $4.55 lower at $210.15, and March feeder cattle closed $5.72 lower at $211.75. 

There was a light to moderate direct cash business that developed on Wednesday.  Live deals in the South were marked at $171, $3 below the prior week’s business. 

    

View Full Story

Share:

The Latest

Cash cattle sales emerge on Friday

Chicago Mercantile Exchange live and feeder cattle futures were sharply higher, supported by cash and wholesale business ahead of the USDA’s

Give FFA Day breaks previous record

National FFA Week’s annual fundraising efforts surpassed expectations this year. Michigan FFA Foundation Executive Director Alex Schnabelrauch tells Brownfield, “Give FFA