At the Chicago Mercantile Exchange, live cattle futures ended the day sharply lower on technical pressure, the steady to slightly lower cash trade, and weaker wholesale values. Feeder cattle were lower on the same factors with more pressure by the day’s higher move in corn. June live cattle closed $2.27 lower at $110.07 and August live cattle closed $2.80 lower at $105.05. August feeder cattle closed $4.50 lower at $138.22 and September feeder cattle closed $4.50 lower at $138.52. A light to moderate direct cash cattle trade has developed in the South with live deals at $115 in Kansas and Texas and $116 in Nebraska.
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