USDA Daily Cattle Slaughter; Live Cattle Futures Sharply Lower

Wednesday's USDA cattle slaughter was 112,000 head versus 107,000 head a year ago. April live cattle is trading at 114.70, down 1.77 cents/lb. June live cattle is trading at 105.20, down 1.37 cents/lb. August live cattle is trading at 101.47, down 0.87 cents/lb.