At the Chicago Mercantile Exchange, live and feeder cattle were lower ahead of the week’s direct cash business. June live cattle closed $1.42 lower at $177.15 and August lives closed $1.10 lower at $175.67. May feeder cattle closed $.67 lower at $248.02 and August feeders closed $.92 lower at $259.62.
Direct cash cattle trade activity started the week in its typical manner. Business was slow with bids and asking prices not established. Showlists this week are mixed, higher in Kansas, Nebraska and Colorado, but lower in Texas.
