Chicago Mercantile Exchange live cattle futures were down and feeders were sharply lower, with feeders leading the way on the higher corn. There was also pressure from the lower midday move in boxed beef. June live cattle were down $.72 at $122.10 and August was $1.20 lower at $121.60. August feeder cattle were $3.20 lower at $156.35 and September was down $2.17 at $159.07.
A light trade developed at the end of the day on Monday.
