At the Chicago
Mercantile Exchange, live cattle ended the day lower on follow-through selling,
weakness in the cash market, and lower wholesale values. Feeder cattle closed higher, contracts were
oversold and due for a bounce with support from the weaker move in corn. February live cattle closed $.95 lower at
$114.07 and April live cattle closed $.60 lower at $112.35. March feeder cattle closed $1.10 higher at
$134.07 and April feeder cattle closed $1.85 higher at $135.97.
Direct cash cattle trade activity remains quiet headed into the back half of the week.
