Cattle Futures Fall to Four-Month Low on Slump in Beef Demand; Hogs Drop

(Bloomberg) -- Cattle futures in Chicago fell
to a four-month low as beef demand slowed after the U.S.
Memorial Day holiday. Hog prices also fell.

U.S. meatpackers including Tyson Foods Inc. and
Cargill Inc. cut back their slaughter of animals to 386,000
so far this week, down from 507,000 a week ago. Wholesale
prices for beef loin, the source of most steaks, are down
3.3 percent this week and fell 3.7 percent last week.


Read more at Bloomberg Commodities News