By Reuters News Service, June 7, 2016
CHICAGO, June 7 (Reuters) – Most Chicago Mercantile Exchange live cattle contracts closed moderately lower on Tuesday after traders sold deferred months and bought June as wholesale beef values improved, traders said.
June live cattle closed up 0.450 cent per lb to 121.225 cents. August ended 0.550 cent per lb lower at 116.000 cents, and October finished down 0.500 cent to 115.500 cents.
The prospect of increased cattle supplies in the coming weeks further pressured back months.