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Cattle Market Report
Fri 10 Feb 2012 14:48:01 CT
Related Keywords: Agriculture
Related Keywords: Agriculture
Recap Cattle Market Report
April cattle closed 140 lower on the session and 60 lower for the week. The late selling pushed the market down to the lowest level since January 18th. The market traded moderately lower on the session early today as outside market forces helped to pressure. A lack of cash market trade this week added to the jittery tone from the fund traders and speculators and this may have added to the negative tone. The sharp break in the stock market and weakness in the beef market late yesterday was also seen as a bearish force. Boxed-beef cut-out values came in at $186.41 this morning, up $0.09 from yesterday and up from $183.12 last week at this time. Cash cattle traded steady to $1.00 lower at $123.00.
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