At the Chicago Mercantile Exchange, live and feeder cattle were lower on profit-taking ahead of the week’s direct business. April live cattle closed $1.77 lower at $186.67 and June lives closed $1.42 lower at $182.57. April feeder cattle closed $2.25 lower at $155.75 and May feeder cattle closed $2.40 lower at $257.77.
Direct cash cattle trade activity was typically quiet to start the week. Showlists this week are mixed – higher in Texas, but lower in Kansas and Nebraska/Colorado.
