At the Chicago Mercantile Exchange, live and feeder cattle were lower, waiting for the week’s direct business to develop. August live cattle closed $1.95 lower at $176.87 and October lives closed $1.47 lower at $180.25. August feeder cattle closed $.57 lower at $246.57 and September feeders closed $1.02 lower at $249.27.
It was a relatively quiet day for direct cash cattle business. Asking prices were at $180 to $182 live in the South and the North was quiet.
