At the Chicago Mercantile Exchange, live and feeder cattle are lower ahead of the week’s direct business. December lives closed $.50 lower at $152.57 and January feeders closed $1.42 lower at $176.87.
Direct cash cattle trade activity is off to a typically quiet start to the week. Bids and asking prices have yet to be established. Showlists this week are mixed – higher in Kansas, but lower in Texas and Nebraska/Colorado. Significant trade volume isn’t expected to develop until midweek or later.
