At the CME, live and feeder cattle ended the day higher, supported by the recent trend in beef and Friday’s Cattle on Feed and biannual Cattle Inventory numbers. August live cattle closed $1.95 higher at $123.45 and October live cattle closed $2.05 higher at $129.20. August feeder cattle closed $2.12 higher at $162.20 and September feeder cattle closed $2.30 higher at $164.82.
A quiet start to the week for direct cash cattle trade activity. Bids and asking prices have yet to surface. Showlists this week appear to be somewhat higher in Texas, higher in Kansas, but lower in Nebraska/Colorado. Look for business to pick up over the balance of the week.
