At the Chicago Mercantile Exchange, live and feeder cattle ended the day lower on fund liquidation. Feeders had additional pressure from the day’s higher move in corn. Live Cattle closed $.50 lower at $120.35 and June live cattle closed $.57 lower at $118.60. April feeder cattle closed $1.90 lower at $137.72 and May feeder cattle closed $1.25 lower at $142.57.
A quiet start to the week for direct cash cattle trade activity. Bids and asking prices have yet to surface.
