Cattle futures lower to start the week

At the Chicago Mercantile Exchange, live and feeder cattle closed lower following Friday’s On Feed numbers and ahead of this week’s direct cash business.  April live cattle closed $.17 lower at $140.30 and June live cattle closed $0.60 lower at $136.77.  April feeder cattle closed $0.75 lower at $160.82 and may feeder cattle closed $0.25 lower at $165.07.

It was as quiet start to the week for direct cash cattle trade activity.  Showlists are mixed, higher in Nebraska/Colorado, but lower in Kansas and Texas.  Bids and asking prices are slow to surface and the bulk of the week’s business will likely take place Wednesday or later. 

At midsession at the Oklahoma National Stockyards, compared to last week feeder steers were $2 to $4 higher. 

…