Cattle futures down on technical weakness

Cattle futures down on technical weakness

Chicago Mercantile Exchange live and feeder cattle futures were lower on technical weakness and a sharply lower move in the Dow Jones Industrial Average. The losses were despite a higher midday move in beef, periodic losses in corn, and the steady to higher than a week ago direct business during the session. February live was down $.30 at $137.67 and April was $.27 lower at $141.85. January feeders were $1.25 lower at $161.45 and March was down $.95 at $165.42.