At the Chicago Mercantile Exchange, live and feeder cattle were sharply lower ahead of the weeks’ direct cash business. There was also some spillover from the broader markets. October live cattle closed $2.17 lower at $184.80 and December lives closed $2.75 lower at $188.47. October feeder cattle closed $4.95 lower at $253.87 and November feeders closed $5.82 lower at $256.87.
It was another quiet day for direct cash cattle business. Early asking prices in parts of the South were at $186-plus live, but other areas were pretty quiet.