
At the Chicago
Mercantile Exchange, both live and feeder cattle futures ended the day lower on
follow-through selling and concerns about the lackluster summer demand. August live cattle closed $.27 lower at
$95.12 and October live cattle closed $.27 lower at $98.57. August feeder cattle closed $.80 lower at
$131.75 and September feeder cattle closed $.80 lower at $133.07.
There was a very light direct cash cattle trade to start the week. Dressed deals in Nebraska were reported at $152 to $155 dressed, but it’s still too early for that to set the trend for the week.