At the Chicago Mercantile Exchange, live and feeder cattle ended the day lower, watching corn and waiting for direct business to develop. The USDA’s latest Cattle on Feed report comes out on Friday. October live cattle are $.52 lower at $125.40 and December live cattle closed $.55 lower at $130.42. October feeder cattle closed $1.82 lower at $155.75 and November feeders were $2.07 lower at $159.35.
Direct cash cattle trade activity started the week quietly.
