At the Chicago Mercantile Exchange, live and feeder cattle were lower ahead of the week’s direct business. April live cattle closed $.52 lower at $164.07 and June live cattle closed $.47 lower at $159.72. March feeder cattle closed $1.10 lower at $186.22 and April feeder cattle closed $.55 lower at $190.66.
There was light direct cash cattle trade reported in multiple feeding areas. Live deals in Kansas were marked at $161, $1 higher than last week’s weighted averages.
