At the Chicago Mercantile Exchange, live cattle closed lower on profit-taking and broader market pressure. Feeder cattle were mostly lower on the same factors. October live cattle closed $.65 lower at $106.70 and December live cattle closed $1.265 lower at $110.60. September feeder cattle closed $.20 higher at $141.07 and October feeder cattle closed $.17 lower at $142.25.
This week’s direct cash cattle trade activity started the week quietly. Showlists appear to be somewhat smaller in Texas and lower in Kansas, and Nebraska/Colorado.
