At the Chicago Mercantile Exchange, live cattle ended the day sharply lower on profit-taking and broader market pressure. Feeder cattle were sharply lower again today on the same factors as the live pit. Losses were limited by the day’s lower corn trade. April live cattle closed $4.25 lower at $92.10 and June live cattle closed $3.82 lower at $85.92. March feeder cattle closed $.97 lower at $112.57 and April feeder cattle closed $1.25 lower at $109.62.
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