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LIVESTOCK-CME live cattle, feeder cattle hit six-week lows

LIVESTOCK-CME live cattle, feeder cattle hit six-week lows
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Chicago Mercantile Exchange , United States , Terry Roggensack , Tom Polansek , Ted Seifried , Sriraj Kalluvila , Julie Ingwersen , Zaner Ag Hedge Group , Us Department Of Agriculture , Mercantile Exchange , Labor Day , Zaner Ag Hedge ,

LIVESTOCK-CME cattle futures rise on sizzling U.S. beef prices, demand


5/7/2021
By Tom Polansek
CHICAGO, May 7 (Reuters) - Chicago Mercantile Exchange
cattle futures rose on Friday on strong beef prices and demand
for red meat that also catapulted margins for beef processors.
Meat demand is high as federal stimulus checks have
increased incomes and prompted consumers to spend more at
supermarkets and restaurants, analysts said. COVID-19
vaccinations are also prompting people to eat out more, they
said.
Prices for select cuts of beef shipped to wholesale buyers
in large boxes increased by $0.91 to $209.27 per cwt, according
to the U.S. Department of Agriculture. Prices for choice cuts
eased by $0.49 to $305.88 per cwt after climbing recently. ....

Chicago Mercantile Exchange , United States , Ted Seifried , Tom Polansek , Don Roose , Zaner Ag Hedge Group , Us Department Of Agriculture , Mercantile Exchange , Zaner Ag Hedge , Diane Craft , For Restrictions , சிகாகோ வணிக பரிமாற்றம் , ஒன்றுபட்டது மாநிலங்களில் , தாதா ரோஸ் , வணிக பரிமாற்றம் , டயான் கைவினை , க்கு கட்டுப்பாடுகள் ,