Live, feeder cattle sink on weak cash and boxed beef pressure

Chicago Mercantile Exchange live and feeder cattle futures were sharply lower, pressured by recent cash and wholesale business. Contracts look oversold and market ready supplies remain tight, but that wasn’t enough to provide support during Thursday’s session. August live was down $3.05 at $227.07 and October was $2.72 lower at $223.27. August feeders were $3.35 […]

The post Live, feeder cattle sink on weak cash and boxed beef pressure appeared first on Brownfield Ag News.

View Full Story

Share:

The Latest

Corn drops after USDA surprise

Soybeans were higher on fund and technical buying, adding to what already would have been a weekly gain. U.S. production, yield,