At the Chicago Mercantile Exchange, live and feeder cattle ended the day lower to sharply lower on profit-taking ahead of widespread direct business and Friday’s Cattle on Feed report from the USDA. Boxed beef prices were also sharply lower. June live cattle closed $.60 lower at $122.50 and August live cattle closed $.30 lower at $122.87. August feeder cattle closed $2.65 lower at $155.70 and September feeder cattle closed $2.27 lower at $158.07.
A light direct cash cattle trade developed in the North on Tuesday.
