Economics

Cattle Futures Fall to Two-Week Low as Beef Demand Slides

BY Elizabeth Campbell, Bloomberg | | Comments (0)

Cattle futures fell to the lowest in almost two weeks on signs of easing demand for U.S. beef amid increasing supplies. Hog prices rose.

Wholesale beef fell 0.7 percent to $2.0026 a pound yesterday, the first drop since April 19, U.S. Department of Agriculture data show. U.S. warehouses held a record 513.243 million pounds (232,803 metric tons) of the meat as of March 31, the latest government data show.

 

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