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Cattle futures lower ahead of week’s direct business

Chicago Mercantile Exchange live and feeder were lower ahead of the week’s widespread direct business. Feeders picked up additional pressure from the higher move in corn. December live was $.52 lower at $152.47 and February was down $.50 at $155.82. November feeders were down $.25 at $177.62 and January was $.92 lower at $179.45.

Direct cash cattle markets were quiet. The big feature was the distribution of this week’s show list, with widespread business not expected until the second half of the week.

Cattle futures lower ahead of week’s direct business

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