Live Cattle Futures Plunge to New Contract Lows

August live cattle is trading at 109.47, down 2.75 cents/lb. October live cattle is trading at 109.70, down 2.60 cents/lb. December live cattle is trading at 111.62, down 2.15 cents/lb. August live cattle futures have plunged to new contract lows. Trading is very choppy and some general selling is occurring.