At the Chicago Mercantile Exchange, live and feeder cattle closed sharply lower, pressured by the lower boxed beef prices during the session. Feeder cattle were under additional pressure from the day’s higher move in corn. October live cattle closed $3.15 lower at $104 and December live cattle closed $3.47 lower at $105.15. October feeder cattle closed $3.50 lower at $134.60 and November feeder cattle closed $4.95 lower at $130.07.
It was a typically quiet Monday for direct cash cattle trade activity.
