At the Chicago Mercantile Exchange, live and feeder cattle ended the day lower on profit-taking, waiting for the rest of the week’s direct business to take place. December live cattle closed $1.02 lower at $130.62 and February live cattle closed $.70 lower at $135.85. November feeder cattle closed $1.15 lower at $158.02 and January feeder cattle closed $1.05 lower at $157.17.
The standoff between buyers and sellers continues heading into the end of the week.
