At the Chicago Mercantile Exchange, live and feeder cattle were lower waiting for Friday’s Cattle on Feed report from the USDA. The report could be considered supportive for prices long-term. October live cattle closed $.87 lower at $124.10 and December live cattle closed $1.22 lower at $128.32. October feeder cattle closed $.82 lower at $155.42 and November feeder cattle closed $2.17 lower at $156.90.
Direct cash cattle trade activity was quiet ahead of Friday’s Cattle On Feed report.
