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In Touch 5/28/24

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Cattle futures pressured heading into Friday

Cattle futures pressured heading into Friday

At the Chicago Mercantile Exchange, live and feeder cattle ended the day lower on profit-taking, the higher corn, and the less than stellar export sales report.  August live closed $1.47 lower at $135.40 and October live cattle closed $1.35 lower at $139.92.  August feeders closed $1.90 lower at $178.90 and September feeders closed $1.45 lower at $181.62. 

There was some scattered direct cash cattle business reported on Thursday.  Live deals were at $140 in Nebraska and Colorado. 

    

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