Cattle futures pressured by sharp drop in boxed beef

At the Chicago Mercantile Exchange, live and feeder cattle were pressured by sharply lower boxed beef and ongoing demand uncertainties.  June live cattle closed $3.17 lower at $195.20, and August live cattle closed $2.80 lower at $192.20.  May feeder cattle closed $2.90 lower at $275.30 and August feeder cattle closed $3.32 lower at $279.92.  Another […]

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