Chicago Mercantile Exchange live and feeder cattle futures were sharply lower ahead of the week’s widespread direct business. October live was down $1.05 at $123.75 and December was $1.37 lower at $129.55. September feeders were $2.20 lower at $156.27 and October was down $2.42 at $160.05.
Direct cash cattle trade was quiet Tuesday for the day with bids and asking prices yet to be established. Buyers and sellers are seemingly busy taking inventory.
