Chicago Mercantile Exchange live and feeder cattle were lower on profit taking ahead of the week’s widespread direct cash cattle business. Losses in feeders were limited by the lower move in corn. October live was down $1.25 at $178.62 and December was $1.15 lower at $183.15. September feeders were $1.32 lower at $249 and October was down $1.42 at $251.22.
Direct cash cattle markets were quiet. Bids and asking prices are not yet defined and the week’s widespread direct business could wait until Thursday or Friday.