At the Chicago Mercantile Exchange, live and feeder cattle were lower, waiting for direct business to develop and Friday’s On Feed numbers. April live cattle closed $.25 lower at $187.80 and June lives closed $.22 lower at $184.77. April feeder cattle closed $.15 lower at $254.92 and May feeder cattle closed $.12 lower at $258.80.
Direct cash cattle trade has been slow to develop this week. Bids surfaced at $186 live in Kansas.
