Live and fed cattle futures on the Chicago Mercantile Exchange were weaker on Monday, continuing the downtrend that started with United States reciprocal tariffs and China’s retaliatory measures.
Live and fed cattle futures on the Chicago Mercantile Exchange continued lower on Friday, as retaliatory trade action by China pressured the United States markets. China announced it will impose a 34 per cent levy on its imports from the U.S. beginning April 10.
Live and fed cattle futures on the Chicago Mercantile Exchange were higher on Wednesday, a few hours before United States President Donald Trump unveiled his reciprocal tariff plan.
Chicago Mercantile Exchange (CME) cattle futures fell on Monday on technical trading, according to analysts, while lean hogs were stuck trading within a tight range following the U.S. Department of Agriculture's hogs and pigs report released the previous week.
Chicago Mercantile Exchange (CME) cattle futures on Friday ended lower on technical trading, amid concerns about inflation and potential trade retaliation from broad tariffs promised by U.S. President Donald Trump next week, market analysts said.