Cattle futures slide ahead of widespread direct trade

Cattle futures slide ahead of widespread direct trade

Chicago Mercantile Exchange live and feeder cattle were lower, waiting for the week’s direct trade to get underway. Feeders led the way down on the higher move in corn. October live was down $1.00 at $183.15 and December was $.60 lower at $187.85. October feeders were $2.20 lower at $259.05 and November was down $1.32 at $261.57.

Direct cash cattle business was extremely light. The USDA says there were a few sales in the north at mostly $184 live and $286 to $290 dressed, but not enough to establish a trend.

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