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LIVESTOCK-CME cattle falter on profit-taking, choppy equity markets
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LIVESTOCK-CME cattle falter on profit-taking, choppy equity markets
May 26, 2025 3:37 AM

CHICAGO, May 7 (Reuters) - Chicago Mercantile Exchange

live cattle and feeder cattle futures ticked down on Wednesday

on falling equity markets and long liquidation, traders said.

Hog futures tilted downward as Chinese retaliatory tariffs

against U.S. agricultural products weighed. China is a major

importer of U.S. pork.

"The huge import tariffs takes away that market," Doug

Houghton, analyst at The Brock Report, said.

CME June live cattle futures fell 1.15 cents to

close at 212.525 cents per pound. August feeder cattle futures

fell 0.6 cent to end at 298.60 cents per pound.

Cattle futures have continued to draw underlying support

from a strong cash market, high boxed beef prices and resilient

consumer demand for beef. However, some traders worry that

weakening consumer sentiment and shaky equity markets could

dampen demand for beef and that some may trade down to less

pricey meats such as chicken.

Choice cuts of boxed beef rose $1.43 to $346.10 per

hundredweight on Wednesday morning, while select cuts rose 94

cents to $333.91 per hundredweight, according to U.S. Department

of Agriculture data.

CME June lean hog futures fell 0.25 cent to close at

97.325 cents per pound.

Though a planned meeting between senior U.S. and Chinese

officials boosted hopes for easing tensions earlier in the

session, sentiment soured after U.S. President Donald Trump said

he would not preemptively lower tariffs on China.

A lack of clear details on trade negotiations has left

traders impatient, and market players are closely monitoring

twists in the two countries' trade relationship.

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