Cattle futures head into midweek under pressure

Cattle futures head into midweek under pressure

At the Chicago Mercantile Exchange, live cattle ended the day mostly lower, and feeders were lower watching corn and the direct markets.  October live cattle closed $.57 higher $146.30 December live cattle closed $.17 higher at $151.07. October feeder cattle closed $2.27 lower at $180.02 and November feeders closed $2.25 lower at $181.27.

It was a relatively quiet Tuesday for direct cash cattle trade activity.  A handful of deals were reported in Iowa at $227 dressed, but not near enough to establish a trend. 

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