At the Chicago Mercantile Exchange, live and feeder cattle were lower on profit-taking. Markets continue to watch direct cash business develop, which has been at mostly, sharply higher prices. August lives closed $2.30 lower at $173.20 and October lives closed $2.62 lower at $175.62. August feeders closed $4.15 lower at $239.10 and September feeders closed $4.25 lower at $242.27.
Direct cash cattle business is looking to break some records this week. Deals in the North were marked at $300 dressed, $10 higher than the previous week’s business.
Cattle, hog futures lower on profit-taking
