Cattle futures fell in tandem with most other commodities including crude oil, grains and metals.
Slow beef demand to start the grilling season, caused in part by poor spring weather, also loomed over the market. Some analysts said the market is poised to stabilize after recent losses, as the lower prices should spur more demand.
"It looks like we're getting overdone" to the downside, Britt said.
The June futures contract for cattle settled down 0.8 cent, or 0.7%, at $1.0975 a pound, a two-and-half month low. The August contract fell 1% to $1.1187 a pound, while the October contract also fell 1% to $1.171 a pound.
Futures for young cattle, known as feeders, declined as well. The May futures contract dropped 0.65 cent, or 0.5%, to $1.2862 a pound, and the August contract fell 1.17 cents, or 0.9%, to $1.3175 a pound.
In cash markets, 4,000 head were reported trading in Texas and Kansas at $1.14 a pound on a live basis, one cent off trades earlier in the week. Cash markets are expected to be quiet Friday as trading appears to have wrapped up for the week.
Midday boxed beef prices, which are a measure of wholesale prices, were weaker with choice quoted off $1.27 at $179.67 per hundred pounds and select down 26 cents at $174.76 per hundred pounds on 163 total loads, according to the USDA.
HedgersEdge.com reported the latest beef packer margin index at minus $22.25 per head, compared with minus $20.60 the previous day.