At the Chicago Mercantile Exchange, live cattle were mostly lower ahead of the week’s direct cash business and feeders were pressured by the higher move in corn. April live cattle closed $.47 lower at $146.40 and June live cattle closed $.27 lower at $141.10. March feeder cattle closed $1.07 lower at $165.02 and April feeder cattle closed $1.15 lower at $170.27.
It was a quiet start to the week for direct cash cattle trade activity.
