At the Chicago
Mercantile Exchange, live and feeder cattle futures ended the day lower on technical
selling, waiting for this week’s direct business to develop. August live cattle closed $1 lower at $102.27
and October live cattle closed $.50 lower at $106.37. August feeder cattle closed $1.10 lower at
$141.60 and September feeder cattle closed $.32 lower at $143.00.
It was a quiet start to the week for direct cash cattle trade. Showlists this week are mixed – higher in Texas, somewhat higher in Nebraska/Colorado, but lower in Kansas.