At the Chicago Mercantile Exchange, live and feeder cattle ended the day lower waiting for the week’s direct business to develop with additional pressure from lower boxed beef. October live cattle closed $.50 lower at $142.12 and September feeder cattle closed $1.65 lower at $181.45.
It was a very quiet Tuesday for direct cash cattle business. Packer inquiry was very limited. There were just a handful of deals reported in Iowa at $143 live.
