Reading Time: 2 minutes Live cattle futures eased slightly in the front-month contract on Wednesday as U.S. slaughtering began to recover from disruptions due to extreme winter weather earlier this week.
Deferred live cattle futures and feeder cattle futures finished stronger
No sales the first week of 2024 as markets assess inventory, plan strategy
Lean hogs rose on hopes that U.S. cash prices had reached bottom
Live cattle slipped somewhat but ended the week up 1.2 per cent
Packers losing money processing beef due to tight supply
Large supplies of hogs continue to pressure futures, analysts said
Feeding margins have moved into negative territory, setting a negative tone for replacements
China's beef purchases supports live cattle
Plains blizzards and cold winter weather stressed animals and impacted weight gain
Live cattle futures eased on profit-taking and weaker-than-expected cash trades