Chicago Mercantile Exchange live cattle futures reach 4 year low

The August 2016 contract last trade was $110.50 and is US$20 per cwt below the 5 year average choice steers live cattle cash price and $40 below the cash market 12 months ago.

Cattle producers in USA must be concerned with the continued volatility of the futures market and sharp movements in the daily range with Monday 20 June moving between 113.25 and 107.25.
http://www.producer.com/daily/live-cattle-fall-to-4-year-low-on-beef-price-losses/