Cattle futures mostly lower waiting ahead of widespread cash business

At the Chicago Mercantile Exchange, live cattle were mostly lower, and feeders were lower ahead of the week’s direct cash business.  Feeders had additional pressure from the higher move in corn.  June live cattle closed $.77 lower at $164.27 August live cattle closed $1.02 lower at $162.57. August feeder cattle closed $1.42 lower at $233.47 and September feeder cattle closed $1.10 lower at $236.75.

It was another very quiet day for direct cash cattle business.

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