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CME update: feeder cattle futures sink to three-month low

12 October 2020

Feeder cattle futures dropped on 9 October amid pressure from surging prices for US grain.

Reuters reports that the significant gains seen in the hog markets on the Chicago Mercantile Exchange did not extend to live and feeder cattle.

CME October live cattle futures rose 0.175 cent to 109.875 cents per pound. Most-active December cattle eased 0.025 cent to 112.600 cents.

CME November feeder cattle dropped 0.925 cent to 135.525 cents per pound under pressure from surging prices for US grain used as livestock feed.

Read more about this story here.

Source: Reuters


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