At the Chicago Mercantile Exchange, live and feeder cattle were sharply lower on fund liquidation, waiting on direct business to develop. August live cattle closed $5.30 lower at $227.77 and October live cattle closed $6.57 lower at $223.15.  August feeder cattle closed $7.57 lower at $331.37 and September feeder cattle closed $8.20 lower at $331.55.  […]

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