TheBeefSite.com - news, features, articles and disease information for the beef industry

News

CME update: US cattle futures dip as the second wave of COVID-19 increases

16 October 2020

US cattle futures sank on 15 October as impending COVID-19 lockdowns in Europe threaten global meat demand.

Reuters reports that CME December live cattle futures dipped 0.725 cent to 109.550 cents per pound, while CME January feeder cattle fell 1.225 cents to 132.100 cents per pound.

"We're highly dependent on demand," said Don Roose, president of US Commodities. "It looks like this next pandemic relief package is on hold until after the election, so the buying habits may be slowing down and the concern with COVID on the rise."

Read more about this story here.

Source: Reuters



Partners


Seasonal Picks

Managing Pig Health: A Reference for the Farm - 2nd Edition