Cattle futures basically gave back gains from the previous session on Monday with position squaring and spillover pressure from the plunge in equity markets.
Live Cattle futures closed an average of 75¢ lower (37¢ to $1.15 lower).
Feeder Cattle futures closed an average of $1.12 lower (75¢ to $1.45 lower).
Choice boxed beef cutout value was 33¢ higher on Monday afternoon at $209.43/cwt. Select was 71¢ higher at $204.16.
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