Light trade develops in cash cattle country

Light trade develops in cash cattle country

Chicago Mercantile Exchange live and feeder cattle futures were sharply lower on technical selling, waiting for widespread direct cash cattle business. April live was down $1.60 at $186.12 and June was $1.40 lower at $182.17. March feeders were $3.40 lower at $249.60 and April was down $3.85 at $255.10.

Cash cattle country had some light trade develop on Wednesday in parts of the South at $183, fully steady with last week’s weighted averages.

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