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Cattle futures pressured by weaker cash business

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At the Chicago Mercantile Exchange, live and feeder cattle were lower, watching direct markets and position squaring ahead of Friday’s On Feed numbers.  April live cattle closed $1.50 lower at $161.55 and June lives closed $1.17 lower at $156.57.  April feeders closed $2.50 lower at $193.25 and May feeders closed $2.50 lower at $198.80. 

Direct cash cattle trade activity kicked off earlier than normal this week with light to moderate trade reported across cattle country. 

Cattle futures pressured by weaker cash business