Feeder cattle higher on sharply lower corn

At the Chicago Mercantile Exchange, live cattle futures closed lower on the weak cash trade and weakening wholesale values.  Feeder cattle closed higher on the day’s sharply lower move in corn.  August live cattle closed $1 lower at $104.35 and October live cattle closed $.90 lower at $105.42.  August feeder cattle closed $1.05 higher at …

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