Continued decline in boxed beef prices pressures cattle futures

Continued decline in boxed beef prices pressures cattle futures

At the Chicago Mercantile Exchange, live and feeder cattle ended the day lower, pressured by the continued slide in boxed beef prices.  October live cattle closed $.80 lower at $122.80 and December live cattle closed $1.05 lower at $127.52.  September feeder cattle closed $1 lower at $154.87 and October live cattle closed $.72 lower at $156.37. 

It was a quiet end to the week for direct cash cattle trade following the light to moderate business that took place earlier in the week.