At the Chicago Mercantile Exchange, live and feeder cattle were lower on profit-taking ahead of the week’s direct business. There is also concern that China has blocked beef imports from the JBS processing facility in Greely, Colorado. June live cattle closed $1.20 lower at $183.35 and August lives closed $1.62 lower at $180.20. August feeder cattle closed $4.35 lower at $260.25 and September feeders closed $3.90 lower at $261.80.
Direct cash cattle trade has been slow to develop this week.
