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Cattle futures pressured by lower boxed beef

At the Chicago Mercantile Exchange, live and feeder cattle ended the day lower waiting for the week’s direct business to develop with additional pressure from lower boxed beef.  October live cattle closed $.50 lower at $142.12 and September feeder cattle closed $1.65 lower at $181.45. 

It was a very quiet Tuesday for direct cash cattle business.  Packer inquiry has been very limited.  Asking prices were around $137 live in the South, while the North was quiet. 

Cattle futures pressured by lower boxed beef

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