With feeders and live cattle trading about 3 cents higher, farmers are going to sleep a little easier at night.
Another tough day in Live Cattle as August 2017 traded below $1.00 at 99.95 just before the close.
Rough go, for cattle and grain as market close lower today. Cattle closed below $1.10 for all the board contracts for the first time in this cycle. Corn also making new lows for September below $3.40 and
All contract months spent time below $1.10 today July 12 2016 making placements very hard to pencil.
For the last couple of months the CME has had a notice up on the Live Cattle Futures stating, ‘Effective Sunday, May 1 (trade date Monday, May 2), new contract listings for Live Cattle Futures and Options