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Cattle prices barrel lower

2015-11-14 04:23:00| Beef

Extreme uncertainty and sweeping volatility in cattle futures continue to pressure cash markets. Calves traded mostly $10-$20 per cwt lower with instances of $25-$30 lower, according to the Agricultural Marketing Service (AMS). The sparse supply of yearlings sold mostly $5-$15 lower lower. Direct trade was mostly $5-$12 lower. Compared to two weeks earlier, Feeder Cattle futures closed an average of $16.62 lower across the board on Friday. Live Cattle futures were an average of $9.39 lower compared with two weeks earlier. read more

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