At the Chicago Mercantile Exchange, live and feeder cattle were lower ahead of the week’s direct cash business. Feeders had additional pressure from the higher move in corn. February lives closed $.72 lower at $157 and April lives closed $.80 lower at $160.10. March feeders closed $1.57 lower at $181.30 and April feeders closed $1.17 lower at $185.87.
Direct cash cattle trade is off to another slow start. Packer inquiry has been limited.