Cattle, lean hog futures higher to start the week

Cattle, lean hog futures higher to start the week

At the Chicago Mercantile Exchange, live and feeder cattle futures were higher with boxed beef up at midday and traders getting ready for the week’s direct business. October live was up $1.05 at $144.32 and December was $.97 higher at $148.02. October feeders were $1.35 higher at $175.52 and November was up $1.42 at $176.05.

It was a quiet Monday for direct cash cattle trade activity.  Showlists this week are lighter in all feeding regions.  Business is expected to hold out until midweek or later.

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