Chicago Mercantile Exchange live cattle futures were higher and feeders were lower ahead of the week’s direct business. Feeders had additional pressure from the higher corn and larger-than-expected placements in last week’s USDA Cattle on Feed report. April live was up $.20 at $188.10 and June was $.22 higher at $184.10. March feeders were down $1.52 at $253.05 and April was $1.07 lower at $258.90.
Direct cash cattle trade was quiet on Monday with no bids or asking prices on the table.
