Cash cattle country remains sluggish

Cash cattle country remains sluggish

Chicago Mercantile Exchange live and feeder cattle futures were lower with boxed beef down at midday, waiting for the week’s direct business. August live was down $.57 at $177.87 and October was $.50 lower at $180.30. August feeders were $1.20 lower at $254.82 and September was down $1.40 at $256.20.

Cash cattle country was quiet Wednesday afternoon with asking prices around $305 to $306 in the North, but still not established in the South.