At the Chicago Mercantile Exchange, live cattle were mostly lower, and feeders were lower ahead of the week’s direct business. Feeders had additional pressure from the higher move in corn. June live cattle closed $.30 higher at $176.97 and August lives closed $.15 lower at $174.42. August feeders closed $1.87 lower at $252.87 and September feeders closed $1.90 lower at $253.87.
Direct cash cattle trade activity was quiet to start the week. Showlists are mixed – higher in Texas, lower in Nebraska and Colorado, and sharply lower in Kansas.
