At the Chicago Mercantile Exchange, live cattle closed higher, and feeders were mostly higher ahead of the week’s direct cash business. August live cattle closed $.70 higher at $135.62 and October live cattle closed $1.05 higher at $140.60. August feeders were $.32 higher at $176.67 and September feeders were $.25 lower at $179.42.
Direct cash cattle business started the week quietly. Bids and asking prices are slow to surface. Showlists this week are mixed – higher in Texas, and Nebraska/Colorado, but lower in Kansas.