U.S. livestock: Cattle futures turn lower

Cattle futures on the Chicago Mercantile Change had been weaker on Monday, ending a corrective bounce off close by lows as excessive beef costs are stated to be limiting shopper demand.

The February reside cattle contract misplaced 1.925 cents per pound at 215.925 cents. Feeder cattle had been down 2.900 cents within the January contract at 321.075 cents per pound.

The U.S. Division of Agriculture reported wholesale boxed beef costs had been stronger, with alternative packing containers up $2.07 at $368.89 per hundredweight and choose packing containers up $6.83 at $357.88/cwt.

Lean hog costs had been down 0.700 cents per pound within the February contract at 80.300 cents per pound.

Spain has deployed its navy to assist comprise an African swine fever outbreak in elements of the nation. Nevertheless, pork exports to China from non-infected areas resumed Monday after being halted on Friday.

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