Outside markets pressure cattle futures – Voice Of Muscatine

Outside markets pressure cattle futures

At the Chicago Mercantile Exchange, live and feeder cattle were lower, pressured by outside markets and the lower boxed beef prices during the session.  December live cattle closed $.65 lower at $185.37 and February lives closed $.77 lower at $189.60.  November feeders closed $.12 lower at $250.30 and January feeders closed $1.00 lower at $253.05. 

There was a light direct cash cattle business reported on Thursday.  Deals in Nebraska were marked at $288 dressed, generally steady money with the week’s previous business. 

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