At the Chicago Mercantile Exchange, cattle futures closed sharply lower for the second consecutive day pressured by fundamentals. The lack of direction from the cash trade, mixed wholesale markets, and a stronger US dollar all added to today’s lower move. June live cattle closed $1.65 lower at $102.97 and August live cattle ended the day $1.50 lower at $100.40. May feeder cattle closed $1.85 lower at $133.55 and August feeder cattle closed $1.92 lower at $138.45.
