Cattle futures fall as extreme cold slows cash market
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Cattle futures declined as extreme cold weather impacted cash markets in the U.S., slowing processing operations. The Texas Department of Agriculture reported significant agricultural damage due to the weather. Despite slow cash sales this week, an economist anticipates a rebound next week. CME April live cattle fell 1.450 cents to 237.275 cents per pound, while March feeder cattle dropped 0.725 cent to 365.125 cents per pound. The USDA reported a decrease in cattle slaughter and a slight drop in boxed beef prices.
Source: Reuters The copyright of this article belongs to the original author/organization.
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