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Cattle futures lower to start the week

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At the Chicago Mercantile Exchange, live and feeder cattle were lower ahead of the week’s direct cash business with additional pressure from lower boxed beef prices. August live cattle closed $2.02 lower at $169.80 and October lives closed $1.90 lower at $173.45.  August feeder cattle closed $2.77 lower at $232.15 and September feeders closed $2.55 lower at $235.62. 

Direct cash cattle business was quiet on Tuesday.  The lone bid reported was in Kansas at $178 live, the rest of cattle country was quiet. 

Cattle futures lower to start the week

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