At the Chicago Mercantile Exchange, live and feeder cattle were lower, watching direct markets and position squaring ahead of Friday’s On Feed numbers. April live cattle closed $1.50 lower at $161.55 and June lives closed $1.17 lower at $156.57. April feeders closed $2.50 lower at $193.25 and May feeders closed $2.50 lower at $198.80.
Direct cash cattle trade activity kicked off earlier than normal this week with light to moderate trade reported across cattle country.
