At the Chicago Mercantile Exchange, live and feeder cattle were pressured following Friday’s Cattle on Feed report from the USDA. October live cattle closed $.52 lower at $122.40 and December live cattle closed $.35 lower at $127.80. October feeder cattle closed $2.57 lower at $154.77 and November feeder cattle closed $3 lower at $155.57.
It was a very quiet start to the week for direct cash cattle trade activity. Bids and asking prices have been slow to surface.
