CME cattle futures end lower; hogs mostly higher
CME cattle futures fell due to profit-taking, inflation concerns, and mixed wholesale prices, while hog futures mostly rose. JBS announced the closure of a facility in California, affecting 374 jobs, amid tight cattle supplies. Beef prices hit record highs due to drought and import halts. USDA reported mixed beef and pork prices, with beef packers losing $78.20 per head. CME February live cattle settled lower, while February lean hog futures rose slightly.
Reuters·