CME live cattle posted losses with deliveries sending spot-June down by its 3-cents daily price limit before it expired at noon CDT (1700 GMT), analysts and traders said.
August live cattle, the new lead contract, buckled as traders sold the contract and bought deferred months.
And some investors sold far live cattle months as corn prices tumbled.
Live cattle at the CME are set to end down almost 3.0 percent for the month and over 8.0 lower for the quarter.
Spot June settled down 3.000 cent per lb to 118.150 cents.
Most-actively traded August closed 0.900 cent lower at 122.025 cents.
Futures faded despite steady cash cattle prices. Processors kept a floor beneath cattle after buying sparingly in recent weeks.
But packers were hesitant to spend more than they had to for supplies with plants scheduled to be dark at least one day for the U.S. July 4th holiday.
Cash cattle in Texas and Kansas moved at $120 per hundredweight (cwt) which was roughly steady with a week ago, said feedlot sources.
Lower CME live cattle and profit taking undercut feeder cattle futures.
CME feeder cattle were up almost 4.0 for the month and showed a more than 10.0 percent increase for the quarter.
August settled down 0.250 cent per lb to 149.450 cents. September was at 151.600 cents, or 0.225 cent lower.