The Direct cash cattle trade was quiet Monday and cash hogs closed lower.
The cattle trade was typically quiet Monday, even more so because of Christmas, with bids and asking prices yet to be established.
At the Chicago Mercantile Exchange, cattle were mixed, waiting for cash business to develop. Trade will likely be slow this week as feedlots could hold for even or higher cash trade. A light cattle on feed report is also putting downward pressure into the cattle futures complex, but live futures were up $.32 to off $.35.
