Livestock markets wrapped up the week with declining values as trading activity remained subdued at the Chicago Mercantile Exchange. Live cattle prices experienced losses while feeder cattle markets showed varied performance as traders anticipate increased direct trading activity.
The April contract for live cattle settled down two cents, closing at $240.62 per hundredweight. June live cattle futures saw a steeper decline, dropping ten cents to finish at $236.15.
Feeder cattle markets displayed mixed results during Friday’s session. The March feeder cattle contract gained 42 cents, ending at $366.15, while April feeder cattle futures fell 17 cents to close at $363.45.
Market analysts noted that trading volume remained light as participants wait for more widespread direct business transactions to develop in the livestock sector.
