Direct cattle business slow to develop


Chicago Mercantile Exchange live cattle futures were lower, pressured by profit taking and the lower midday boxed beef, with the week’s futures trade ending ahead of the start of widespread direct cash business. The trade is also monitoring the impact of tariffs on export demand. August was down $.47 at $104.55 and October was $.22 lower at $107.37.

Feeder cattle were mixed on the lower midday beef, lower corn, and position squaring for direct cash trade.

Continue reading Direct cattle business slow to develop at Brownfield Ag News.

Direct cattle business slow to develop


Chicago Mercantile Exchange live cattle futures were lower, pressured by profit taking and the lower midday boxed beef, with the week’s futures trade ending ahead of the start of widespread direct cash business. The trade is also monitoring the impact of tariffs on export demand. August was down $.47 at $104.55 and October was $.22 lower at $107.37.

Feeder cattle were mixed on the lower midday beef, lower corn, and position squaring for direct cash trade.

Continue reading Direct cattle business slow to develop at Brownfield Ag News.