At the Chicago Mercantile Exchange, live and feeder cattle ended the day higher, waiting for the week’s direct business to develop with additional support from stronger boxed beef during the session.
It was a quiet Monday for direct cash cattle trade activity. Bids and asking prices have yet to surface. Showlists this week are mixed, lower in Kansas, somewhat higher in Texas and Nebraska and Colorado. Look for more business to develop in the last half of the week.
