Chicago Mercantile Exchange live and feeder cattle futures were lower ahead of the week’s widespread direct business. Contracts were up early, but couldn’t follow through due to losses in the stock market linked to economic uncertainties. June live cattle were down $1.00 at $160.22 and August was $.97 lower at $159.77. May feeders were down $.87 at $202.27 and August was $1.20 lower at $219.50.
Tuesday was another very quiet day for direct cash cattle business.