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

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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