At the Chicago Mercantile Exchange, live cattle closed lower ahead of widespread direct business. Feeder cattle were mostly lower on spread adjustments. October live cattle closed $1.52 lower at $108.35 and December live cattle closed $1.77 lower at $110.92. October feeder cattle closed $.95 lower at $137.30 and November contracts closed $.02 higher at $135.55.
It was a quiet Monday for direct cash cattle trade activity. Showlists this week appear to be lower in the South and slightly larger in the North.
