Chicago Mercantile Exchange live and feeder cattle futures were sharply lower, reacting to the steep losses on Wall Street during the session and the bearish placements total in last week’s USDA Cattle on Feed report. February live was down $1.60 at $136.32 and April was $202 lower at $140.07. January feeders were $1.80 lower at $158.47 and March was down $2.05 at $161.25.
It was a quiet Monday for direct cash cattle trade activity.
