At the Chicago Mercantile Exchange, live cattle were mostly lower, and feeders were lower, waiting for direct cash business to develop. October live cattle closed 42 cents lower at $145.87 in December live cattle closed $.32 lower $150.75. October feeder cattle closed $.80 lower at $179.22 and November feeder cattle close $0.95 lower at $180.32.
Another really quiet day for direct cash cattle trade activity. There were just a handful of deals reported in Nebraska and Iowa at $226 dressed, still not enough to establish an accurate trend for the week.
