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.