Cattle futures start the week higher

At the Chicago Mercantile Exchange, live and feeder cattle were higher on oversold signals with feeders in the lead on the lower move in corn.  June live cattle closed $2.55 higher at $135.20 and August live cattle closed $1.77 higher at $137.05.  August feeder cattle closed $5.80 higher at $174.67. 

Direct cash cattle trade activity started the week slowly.  Showlists are somewhat smaller in Kansas, lower in Texas, and Nebraska/Colorado.  Asking prices have yet to surface, but a few early bids were reported at $230 dressed and $146 live. 

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