LIVESTOCK-CME cattle futures fall with U.S. winter storm in focus
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Cattle futures on the Chicago Mercantile Exchange fell as a winter storm is expected to impact demand. February live cattle futures settled down 0.725 cents at 232.375 cents per pound. Analysts predict a 3.2% decrease in cattle on feed as supplies remain tight. Meanwhile, lean hog futures rose due to concerns over disease in U.S. hog operations, with pork prices also increasing. The USDA reported choice boxed beef cutout value at $367.45 per hundredweight, up $1.34 from the previous day.
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