At the Chicago Mercantile Exchange, live and feeder cattle were pressured by lower boxed beef prices. October live cattle closed $1.15 lower at $122.27 and December live cattle closed $1.07 lower at $127.15. September feeder cattle closed $2.05 lower at $152.20 and October feeder cattle closed $2.27 lower at $155.45.
A very quiet Monday for direct cash cattle trade. Bids and asking prices have yet to surface. Showlists this week are mixed – larger in Nebraska/Colorado and smaller in Kansas and Texas.
