At the Chicago Mercantile Exchange, live and feeder cattle closed lower, pressured by the recent declines in boxed beef prices. Feeder cattle had additional pressure from the day’s higher move in corn. December live cattle closed $.87 lower at $108 and February live cattle closed $1.37 lower at $111.02. January feeder cattle closed $1.97 lower at $137.80 and March feeder cattle closed $1.27 lower at $138.15.
A quiet start to the week for direct cash cattle trade.
