Cash cattle trade starts week sluggish

Cash cattle trade starts week sluggish

Chicago Mercantile Exchange live and feeder cattle futures were sharply lower, pressured by last week’s direct business and Monday’s midday losses in boxed beef. February live was down $2.05 at $167.07 and April was $1.92 lower at $169.70. January feeders were $3.90 lower at $210.52 and March was down $3.65 at $213.57.

Direct cash cattle trade was quiet on Monday. New showlists appear to be mixed, higher in Kansas and Nebraska/Colorado, but lower in Texas.

    

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