At the Chicago Mercantile Exchange, live and feeder cattle were lower following last week’s On Feed report, watching the higher move in corn and waiting for cash business to develop. October live cattle closed $.75 lower at $144.50 and December live cattle closed $.45 lower at $150.52. September feeder cattle closed $.40 lower at $184.35 and October feeders closed $.30 lower at $186.47.
It was a quiet Monday for direct cash cattle business. Showlists this week are lower across all major feeding areas. Bids and asking prices didn’t surface on Monday and it’s likely the bulk of the week’s trade will be delayed until the latter half of the week.
A strong start to the week for hog futures
