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Cattle futures lower ahead of week’s direct cash business

At the Chicago Mercantile Exchange, live and feeder cattle ended the day lower waiting for direct cash business to develop. There was additional pressure on feeder cattle from the day’s higher move in corn.  October live cattle closed $1.05 lower at $143.17 and December live cattle closed $.80 lower at $149.65.  September feeder cattle closed $3.15 lower at $182.50 and October feeder cattle closed $2.12 lower at $185.57. 

It was a quiet Tuesday for direct cash cattle business. 

Cattle futures lower ahead of week’s direct cash business

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