Reading Time: 2 minutes Chicago Mercantile Exchange livestock futures turned lower on Tuesday, on pressure from the equity markets after government data showed U.S. inflation slowed less than expected in January.
Strong U.S. dollar adds pressure to cattle, hog futures
Lean hogs also finish lower amid demand questions
Market keeps eye on South American weather
Cattle market continued to feel pressure from winter weather in Midwest
Wheat futures higher on bargain buying, short covering
Lean hog futures bounce back from early lows
Falling Russian prices weigh over wheat futures; U.S. poised to regain title of top corn exporter
Easing heat wave in Argentina tempers crop worries
Traders expect this week's prices in cash market to be higher than last week
Wheat futures rose while corn ended lower on forecasts for rain in Argentina