At the Chicago Mercantile Exchange, live and feeder cattle futures were lower, getting ready for the week’s direct business. August live expired at $118.95, $1.30 lower, while October was down $1.42 at $126.90 and December was $1.20 lower at $133.47. September feeders were down $1.05 at $163 and October was $1.20 lower at $167.75.
In Tuesday’s direct cash cattle trade, packer inquiry remained very limited. Significant trade is not likely until sometime today or later.
