Cattle Futures - Live Cattle Sinks
US - Chicago Mercantile Exchange live cattle settled lower on concern about this week's cash cattle outcome, corn's tumble and spreads.Meanwhile, deferred cattle contracts dipped in response to Chicago Board of Trade corn that spiraled downward after recently trading limit up two straight sessions.
Spot-February's upward momentum fizzled as the morning progressed, but again jumped in response to the release of the federal government's midday account of wholesale beef movement.
The U.S. Department of Agriculture's midday boxed beef wire showed choice cuts up $0.33 per hundredweight and select items gained $0.53.
Source: FXSTREET