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Cattle futures pressured by profit taking

Chicago Mercantile Exchange live and feeder cattle futures were pressured by profit taking ahead of this week’s widespread direct business. April live was down $.75 at 4187.25 and June was $.25 lower at $183.27. April feeders were $1.30 lower at $255.87 and May... Read More.

Soybeans decline on profit taking, dollar strength

Soybeans were lower on profit taking and technical selling, in addition to the higher move in the dollar during the session. There’s more rain in the forecast for Argentina, while harvest conditions generally look good in Brazil. The USDA’s next round of supply,... Read More.

Profit potential remains in the cattle market

A livestock economist says as long as demand holds, there’s still a lot of upside potential in the cattle markets. Brenda Boetel with the University of Wisconsin-River Falls says beef prices are high and the question remains how long consumers will continue to pay... Read More.