Cattle futures on the Chicago Mercantile Exchange were weaker on Monday, ending a corrective bounce off nearby lows as high beef prices are said to be limiting consumer demand.
The February live cattle contract lost 1.925 cents per pound at 215.925 cents. Feeder cattle were down 2.900 cents in the January contract at 321.075 cents per pound.
The U.S. Department of Agriculture reported wholesale boxed beef prices were stronger, with choice boxes up $2.07 at $368.89 per hundredweight and select boxes up $6.83 at $357.88/cwt.
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Spain deploys military to contain African swine fever near Barcelona
Spain has called in its military to help contain an outbreak of African swine fever near Barcelona, a move aimed at protecting the country’s multi-billion-euro pork export industry.
Lean hog prices were down 0.700 cents per pound in the February contract at 80.300 cents per pound.
Spain has deployed its military to help contain an African swine fever outbreak in parts of the country. However, pork exports to China from non-infected regions resumed Monday after being halted on Friday.
