The bulk of Chicago Mercantile Exchange live cattle contracts closed lower on Friday, pressured by the morning’s bearish U.S. Department of Agriculture (USDA) monthly Cattle-On-Feed report, said traders.
As of December 1, there were 73.2 million hogs and pigs on U.S. farms, up 2 percent from December 2016, but down slightly from September 1, 2017, according to the Quarterly Hogs and Pigs report published today.
North America's largest winter swine trade show will feature new seminars, a keynote address, 300 exhibitors, training sessions, fun social events and exciting youth activities. It is Jan. 24-25 in Des Moines, Iowa.
Chicago Mercantile Exchange live cattle futures closed lower on Wednesday after softer wholesale beef demand and this week's expectations for steady-to-lower cash prices erased some of Tuesday's rally, said traders.