Colosseum a.s. (Colosseum a.s.)
Commodities  |  February 14, 2013 13:14:28

Price on CME live cattle fell to nearly a three-month low



ColosseumDecline to the lowest price in almost three months recorded in yesterday's trading session on the Stock Exchange Chicago Mercantile Exchange the most active futures contract for live cattle. This was due to speculation, according to which the high price of beef in the U.S. will result in a drop in demand. During the day, increased the wholesale price of beef in the United States by 0.1% to a weekly maximum of 1.8357 dollars per pound of weight. According to independent sources, to the retail price of beef in the United States compared to last year, on average, increase by 4% to $ 4.85 per pound. Live cattle futures with delivery date in April weakened in yesterday's trading session on the exchange CME by 0.4% to the closing price of 129.40 cents per pound weight. The decline then continues even during the day, the moment of 0.525 cents per 128.875 cents per pound.

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