At the Chicago Mercantile Exchange, live cattle were mostly lower, and feeders were lower waiting for direct cash business to develop. June live cattle closed $.80 higher at $133.55 and August feeder cattle closed $.47 lower at $174.22.
It was a quiet start to the week for direct cash cattle trade activity. Showlists are lower in Kansas, but higher in Nebraska/Colorado, and Texas. Bids and asking prices are slow to surface. Look for significant trade volume to pick up midweek or later.
