Live and feeder cattle markets end mixed - CME
Hog futures fall on tariff worries, technical selling
14 March 2025
1 minute read
By: Chicago Mercantile Exchange (CME) lean hog futures edged down on Thursday under pressure from technical selling and worries that US President Donald Trump's tariff war could hurt export demand, Reuters reported, citing analysts.
The European Union announced has a plan to impose duties on US imports, including on poultry and meat products.
"The market is worried about what will happen with the EU," Doug Houghton, analyst at Brock Associates, said.
CME's April lean hog contract settled down 0.875-cent to 85.625 cents per pound.
Live and feeder cattle futures spent the day chopping up and down as a lack of fresh news provided little direction for the futures.
CME April live cattle rose 0.65-cent at 202.05 cents per pound. CME April feeder cattle futures settled down 0.75-cent to 279.975 cents per pound.
Strong corn prices, propelled by a lower Argentine harvest outlook, have also weighed on cattle futures as corn can be a component of cattle feed.
Beef demand has also remained resilient as consumer prices rose more slowly than expected in February, though aggressive tariffs on imports are expected to raise the costs of most goods in the months ahead.
