Chicago Mercantile Exchange cattle and hog futures fell across the board to end the week.
Most active April live cattle settled at 192.650 cents a pound, down 3.475 cents. June live cattle closed at 188.775 cents, down 3.550 cents per pound.
Most active April feeder cattle futures closed at 273.000 cents per pound, down 2.550 cents. March feeder cattle closed at 274.975 cents per pound, down 1.475 cents.
Choice boxed beef gained $0.65 to close at $311.83 per cwt while select boxed beef settled at $302.04 per cwt, for a loss of $0.08, the USDA reported.
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Most active April lean hogs slid for the second consecutive day, settling down 0.700 cents at 83.675 cents per pound. June lean hogs closed down 2.575 cents to 96.750 cents a pound.
The USDA reported pork carcass cutout at $98.42 per cwt, down $2.54.
U.S. consumer spending fell in January—the first time in nearly two years—while the U.S. commerce department reported moderation in annual inflation despite some price stickiness.
The Trump administration is expected to impose 25 per cent tariffs on Canadian and Mexican goods on Tuesday. Economists have said tariffs will raise prices as businesses pass on the higher costs of imported goods to consumers.
Investors also fear retaliation by affected countries against U.S. agricultural imports like beef and pork.
—With files from Reuters
