LIVESTOCK-CME cattle futures fall on screwworm fears, long liquidation
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Cattle futures on the Chicago Mercantile Exchange fell due to fears of the New World screwworm parasite potentially crossing into the U.S. from Mexico, leading to profit-taking and long liquidation ahead of a holiday weekend. February live cattle futures settled down 3.900 cents at 232.150 cents per pound, while April futures dropped 4.450 cents. Texas Agriculture Commissioner Sid Miller warned that the pest's arrival in the U.S. is inevitable, causing concern among traders. In contrast, hog futures rose for the fourth consecutive session, reaching life-of-contract highs amid production concerns.
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