Cattle futures pressured by lower cash business

At the Chicago Mercantile Exchange, live cattle were mostly lower, and feeders were lower, pressured by the week’s lower cash trade.  June live cattle closed $.17 lower at $133 and August live cattle closed $.42 lower at $133.47.  August feeder cattle closed $.65 lower at $166.77 and September feeder cattle closed $.82 lower at $169.22. 

It was an active day on Tuesday for direct cash cattle trade. Live deals in the South were at $138, $2 lower than last week’s weighted averages.

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