US cattle, hog futures decline amid demand worries – CME
Front-month feeder cattle futures hit their lowest price since March 3, extending a retreat from a 2015 high reached last week. Front-month live cattle, meanwhile, touched a three-low on Monday.
“The cattle and hog markets continue to face some long liquidation on demand worries,” said Arlan Suderman, chief commodities economist for StoneX. CME April live cattle ended 0.500 cent weaker at 163.050 cents per pound. CME April feeder cattle finished 1.325 cent lower at 195.750 cents per pound and touched its lowest price since March 3 at 195.350 cents. Last week, April feeders set a contract high of 200.775 cents. March feeders, which are thinly traded, closed down 0.900 cent at 189.925 cents a pound, compared to the 2015 high of 194.325 cents for the front-month contract last week.
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