CME live cattle end mostly lower
Chicago Mercantile Exchange (CME) live cattle futures closed mostly lower on Monday on technical selling and worries about consumer demand for high-priced cuts of beef, traders said. Most-active CME February live cattle futures settled down 0.7 cent at 152.55 cents/lb. (all figures US$). Deferred contracts also ended lower, but the spot December contract eked out a higher close, up 0.05 cent at 151.575 cents/lb.
Click here to read full note: https://www.canadiancattlemen.ca/daily/u-s-livestock-cme-live-cattle-end-mostly-lower/