Cattle futures fall on midday beef, broader market

Cattle futures fall on midday beef, broader market

Chicago Mercantile Exchange live were down and feeders were sharply lower, pressured by the losses in the broader market and lower midday boxed beef, getting ready for the week’s direct business. Feeders picked up additional pressure from a delayed reaction to Monday’s gains in feed grains. October live cattle were down $.95 at $144.80 and December was $.90 lower at $150.45. September feeders were $2.07 lower at $179.45 and October was down $2.60 at $180.52.

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