Chicago Mercantile Exchange live cattle futures were mixed, preparing for the week’s direct business, while feeders were down sharply on the strength in corn. August live was down $1.27 at $178.75 and October was $1.60 lower at $180.30. August feeders were $2.67 lower at $243.25 and September was down $2.65 at $246.62.
Direct cash cattle trade was quiet on Monday. New showlists appear to be lower in all major feeding states. Bids and asking prices have yet to be established.
