Live cattle futures are down $3.35 to $4.25 so far at midday. Cash trade settled in at $240 across most of the country last week. Feeder cattle futures are down $4.47 to $5.50. The CME Feeder Cattle Index was down another $1.47 to $367.32 on March 5. The Monday OKC feeder cattle auction showed 4,500 head for sale, with a lower undertone noted early.
A strike a the JBS Greeley, CO plant could begin on March 16, as the union gave notice on Friday.
