Cattle futures pressured at midweek

Cattle futures pressured at midweek

At the Chicago Mercantile Exchange, live and feeder cattle were lower on profit-taking ahead of the week’s direct business.  There is also concern that China has blocked beef imports from the JBS processing facility in Greely, Colorado.  June live cattle closed $1.20 lower at $183.35 and August lives closed $1.62 lower at $180.20.  August feeder cattle closed $4.35 lower at $260.25 and September feeders closed $3.90 lower at $261.80. 

Direct cash cattle trade has been slow to develop this week.

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