Cattle futures pressured by higher corn

At the Chicago Mercantile Exchange, live and feeder cattle were lower pressured by higher corn and watching the rest of the week’s cash business develop.  June live cattle closed $1.60 lower at $133.32 and August live cattle closed $1.55 lower at $134.65.  May feeder cattle closed $3.47 lower at $159 and August feeder cattle closed $2.72 lower at $171.37. 

There was a light direct cash cattle trade on Tuesday following the light trade on Monday.  

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