Cattle futures lower ahead of direct cash business

At the Chicago Mercantile Exchange, live cattle were lower and feeders were mostly lower ahead of the week’s direct business.  October live cattle closed $.70 lower at $143.80 and December lives closed $.90 lower at $149.72.  September feeder cattle closed $.37 lower at $183 and October feeder cattle closed $.40 lower at $185.60. 

It was a quiet Monday for direct cash cattle business.  Bids and asking prices will likely be slow to surface this week. 

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Cattle futures lower ahead of direct cash business