Cattle futures mixed waiting on cash trade

Cattle futures mixed waiting on cash trade

Chicago Mercantile Exchange live and feeder cattle futures were mixed ahead of this week’s widespread direct business. December live was down $.35 at $131.77 and February was up $.22 at $136.32. November feeders were $.32 lower at $155.92 and January was $.75 higher at $158.47.

Direct cash cattle trade was quiet Monday as buyers and sellers are busy taking inventory. Bids and asking prices weren’t able to become established and its likely significant trade volume will hold out until Midweek or later. 

    

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