Chicago Mercantile Exchange live cattle futures were sharply lower on technical selling, getting ready for Friday’s USDA Cattle on Feed numbers out at 3 Eastern/2 Central. Expectations for a bullish report, the marketing year high for export sales, and the higher midday boxed beef had no effect. December was down $2.40 at $108.25 and February was $2.62 lower at $110.52.
Feeder cattle were weak to sharply lower on the same factors as the live pit.
