Chicago Mercantile Exchange live cattle futures were mostly modestly higher and feeders were sharply lower, watching corn and the distribution of this week’s direct cash cattle show list. August live was up $.37 at $137.75 and October was $.35 higher at $143.35. August feeders were down $2.25 at $179.30 and September was $1.80 lower at $182.67.
Cash cattle trade remains quiet with bids and asking prices not yet established Monday afternoon. Deals could be delayed until Wednesday or later at market players digest last week’s USDA cattle reports.
