At the Chicago
Mercantile Exchange, live cattle ended the day lower, pressured by the continued
slide in wholesale values. Feeder cattle
were lower on the same factors. August
live cattle closed $.85 lower at $98.80 and October live cattle closed $1.10
lower at $103.10. August feeder cattle
closed $.32 lower at $136.72 and September feeder cattle closed $.60 lower at
$137.47.
A light direct cash cattle trade took place in the South on Tuesday.