Export concerns pressure cattle futures


Export concerns pressure cattle futures

At the Chicago Mercantile Exchange, live cattle futures closed lower as the sell-off continued.  Worries about a drop-off in pork exports is carrying over into the cattle complex as more pork domestically would create more competition for US beef products with consumers.   Feeder cattle contracts bounced off of Monday’s large losses.  June live cattle closed $.05 lower at $105.92 and August contracts closed $.47 at $102.42.  August feeder cattle closed $.32 higher at $146.10 and September contracts closed $.17 higher at $146.67.

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