Cattle futures drop on direct cash pressure

Chicago Mercantile Exchange live and feeder cattle were sharply lower, pressured by this week’s direct business and some signs the strength in wholesale beef might be waning for now. April live was down $4.52 at $196.77 and June was $4.07 lower at $191.82. March feeders were $5.42 lower at $265.30 and April was down $5.47 […]

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