Live cattle futures on Monday rose to their highest level in more than a month before retreating as traders waited to see the impact of wintry weather on livestock in the central U.S.
Lean hogs rose on hopes that U.S. cash prices had reached bottom
Live cattle slipped somewhat but ended the week up 1.2 per cent
Packers losing money processing beef due to tight supply
Large supplies of hogs continue to pressure futures, analysts said
Feeding margins have moved into negative territory, setting a negative tone for replacements
China's beef purchases supports live cattle
Plains blizzards and cold winter weather stressed animals and impacted weight gain
Live cattle futures eased on profit-taking and weaker-than-expected cash trades
Live cattle ended the day down, feeder cattle were up
Lean hog futures ended the day mixed