Friday 18th September 2020

At the Chicago

Mercantile Exchange, live and feeder cattle futures ended the day lower ahead

of the Cattle on Feed report.  Feeder

cattle found additional pressure from the day’s modestly higher move in

corn.  The supply outlook in the Cattle

on Feed report was mostly bearish for the industry.  June live cattle closed $1.37 lower at $94.70

and August live cattle closed $.70 lower at $95.40.  August feeder cattle closed $.42 lower at $132.55

and September feeder cattle closed $.37 lower at $133.87. 

Direct cash cattle trade is quiet to end the week.