At the Chicago Mercantile Exchange, live and feeder cattle closed lower on profit-taking. Light trade volume is expected this week due to the holiday. December live cattle closed $.27 lower at $110.32 and February live cattle closed $1.20 lower at $113.45. January feeder cattle closed $.72 lower at $139.90 and March feeder cattle closed $1.25 lower at $141.87.
A quiet Tuesday for direct cash cattle trade. Despite the shortened holiday week, feedlots appear to be holding out for higher prices.
