Livestock markets saw heightened volatility to close the week. February Live Cattle futures settled $0.90 lower at 214.50, though the contract finished nearly $6.50 off the weekly lows. January Feeder Cattle futures opened limit down at 307.12 before recovering to settle at 314.17. February Lean Hog futures dropped $2.05 to 77.60. Analysts noted that the removal of tariffs on Brazilian food products pressured prices, while the USDA released a new website to update traders on screw worm developments affecting U.S.-Mexico trade. The USDA Cattle on Feed report showed placements at 90%, slightly below estimates, while marketings were in line at 92%.
Learn More: https://www.cmegroup.com/markets/agriculture.html
#cattle #livestock #futures
Learn More: https://www.cmegroup.com/markets/agriculture.html
#cattle #livestock #futures