Chicago Mercantile Exchange live cattle futures were steady to modestly lower and feeders were weak, on spread trade and profit taking ahead of widespread direct business. August live cattle were steady at $123 and October was down $.40 at $127.47. August feeder cattle were $.55 lower at $159.30 and September was down $.12 at $163.20.
Cash cattle trade was quiet on Monday. Buyers and sellers were seemingly busy taking inventory. Bids and asking prices were not established.
