Cattle futures pressured by higher move in corn

Cattle futures pressured by higher move in corn

At the Chicago Mercantile Exchange, live and feeder cattle ended the day lower and sharply lower pressured by the higher move in corn.  October live cattle closed $.60 lower at $143.05 and December lives closed $.80 lower at $149.10.  September feeders closed $2.05 lower at $182.20 and October feeders closed $2.12 lower at $183.40. 

It was a really quiet Friday for direct cash cattle business. There was just a little clean-up trade reported at $230.