Sharply lower outside markets, more apparent non-commercial long liquidation and continued bearishness about increased harvest supplies a few weeks down the road helped pressure Cattle futures on Monday.
Except for 60¢ lower at the back of the board, Live Cattle futures closed an average of $1.27 lower ($1.05 to $1.62 lower).
Except for 40¢ lower at the back of the board, Feeder Cattle futures closed an average of $1.60 lower ($1.22 to $2.00 lower).
Choice boxed beef cutout value was 72¢ lower Monday afternoon at $224.87/cwt. Select was 43¢ higher at $217.29.
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