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Cattle futures lower ahead of widespread direct business

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At the Chicago Mercantile Exchange, live and feeder cattle were lower ahead of the week’s direct cash business and Friday’s On Feed numbers.  Feeders had additional pressure from the higher move in corn.  April live cattle closed $.50 lower at $163.05 and June lives closed $.45 lower at $157.75.  April feeders closed $1.32 lower at $195.75 and May feeders closed $1.10 lower at $201.30. 

It was another quiet day for direct cash cattle business on Tuesday. 

Cattle futures lower ahead of widespread direct business

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