At the Chicago Mercantile Exchange, cattle futures ended the day sharply lower as the US waits for what is likely to be another round of retaliatory tariffs from China after the administration announced it would implement an additional $200-billion worth of tariffs of Chinese goods. Feeder cattle futures also closed sharply lower as the market worries about any potential trade disruptions. August live cattle closed $1.60 lower at $103.85 and October contracts closed $1.57 lower at $106.25.
