Cash cattle trade quiet heading into Independence Day holiday

Chicago Mercantile Exchange live cattle  futures were modestly lower and feeders were modestly higher, getting ready for the week’s direct business. August live was down $.35 at $176.82 and October was $.22 lower at $179.32. August feeders were up $.32 at $247.90 and September was $.55 higher at $251.37.

Direct cash cattle trade was very quiet on Monday. Bids and asking prices are not established as of yet, significant trade volume will likely be delayed until after the 4th of July holiday.

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