At the Chicago Mercantile Exchange Monday, live cattle futures were lower and feeders were mostly higher, watching corn and waiting for the week’s widespread direct business. August live was down $1.75 at $120.25 and October was $.80 lower at $128.32. September feeders were down $.60 at $164.05 and October was up $.52 at $168.95.

Direct cash cattle trade was typically quiet Monday with both buyers and sellers busy taking inventory. Bids and asking prices were not established and significant trade volume will likely be delayed until Wednesday or later.

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