Cattle futures sharply lower ahead of direct business

At the Chicago Mercantile Exchange, live and feeder cattle were sharply lower on technical weakness.  August live cattle closed $3.30 lower at $231.42 and October live cattle closed $2.97 lower at $227.65.  August feeder cattle closed $5.55 higher at $348.80 and September feeder cattle closed $5.97 lower at $344.85.  Direct cash cattle trade was quiet […]

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