JM Innovations



National & World Ag News Headlines
Cattle Futures Limit Down After Bearish USDA Report
USAgNet - 09/26/2017

Chicago Mercantile Exchange cattle futures tumbled about 2 percent on Monday after government data on Friday showed bigger-than-expected placements of cattle on feed in August.

Most-active CME December live cattle dropped by the daily price limit of 3.000 cents to finish at 114.425 cents per pound, reversing from Friday's 1-1/2 month high. Front-month October cattle settled 2.350 cents lower at 109.225 cents, reports Reuters.

The U.S. Department of Agriculture following the close of futures trading on Friday said the number of cattle that moved into feed lots spiked 3 percent last month. Analysts had predicted a decline in placements of nearly 3 percent.

Bigger placements suggested more cattle would reach slaughter weight by late this year and early next year. The USDA also showed ample supplies of U.S. beef in cold storage, further pressuring cattle futures.


Other National Headlines
International Protein Sires
U.S. Custom Harvesters, Inc.
Copyright © 2024 - Farms.com. All Rights Reserved.