Chicago Mercantile Exchange live and feeder cattle futures were sharply lower, pressured by the recent trend in beef, along with at least some disappointment over the weekly export numbers and no better than steady direct cash business. The post-USDA report sell-off in corn didn’t have an impact on feeders. October live was down $1.20 at $120.57 and December was $1.32 lower at $125.72. September feeders expired at $153.92, a loss of $.35, while October was $2.07 lower at $152.55 and November was down $2.37 at $152.90.

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