LIVESTOCK-CME lean hogs firm as market-ready supplies remain soft agriculture.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from agriculture.com Daily Mail and Mail on Sunday newspapers.
7/8/2021
By Tom Polansek
CHICAGO, July 8 (Reuters) - Chicago Mercantile Exchange live
cattle futures dropped for a second day, following U.S. boxed
beef prices lower as seasonal demand cools. You’re still seeing boxed beef pull back, which is normal,
seasonally, said Matthew Wiegand, Risk Management Consultant at
FuturesOne. We’re past the Fourth of July – we don’t have a
grilling holiday until Labor Day.
Boxed beef prices fell, with choice cuts dropping $2.93 to
$281.97 per cwt, according to the U.S. Department of
Agriculture, while select cuts fell $2.02 to $260.06 per cwt.
CME August live cattle futures ended down 1.325 cents
CHICAGO Chicago Mercantile Exchange (CME) cattle futures firmed on Friday on strong beef plant margins and good demand from packers for fed cattle, traders…
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