At the Chicago Mercantile Exchange, except for the nearby contract, live cattle futures continued to tumble on another round of follow-through selling, with additional pressure from the volatility in the broader markets, lack of support from this week’s cash business, and weakness in wholesale values. Feeder cattle futures were sharply lower on the same factors as the live pit. February live cattle closed $.07 higher at $112.70 and April live cattle closed $2.90 lower at $107.57.
