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Cash cattle trade starts week sluggish

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Chicago Mercantile Exchange live and feeder cattle futures were sharply lower, pressured by last week’s direct business and Monday’s midday losses in boxed beef. February live was down $2.05 at $167.07 and April was $1.92 lower at $169.70. January feeders were $3.90 lower at $210.52 and March was down $3.65 at $213.57.

Direct cash cattle trade was quiet on Monday. New showlists appear to be mixed, higher in Kansas and Nebraska/Colorado, but lower in Texas.

Cash cattle trade starts week sluggish