Colosseum a.s. (Colosseum a.s.)
Commodities  |  April 16, 2013 19:26:28

Beef weakened to nine-month low



ColosseumAt the lowest level of the last nine months has weakened in yesterday's trading session on the Stock Exchange Chicago Mercantile Exchange the most active futures contract for live cattle. It was a response to reports of low exports. According to the U.S. Department of Agriculture has dropped the wholesale price of beef in the U.S. last week by 0.9% to two-week lows. Demand does not benefit either the existing cold weather, for which American consumers nepodpálí their grills in the next six to ten days. Export beef with the United States reached in the week ending April 4 10,196 metric tons, which is 32% less than the four-week average. Live cattle futures with delivery date in June weakened in yesterday's session at the exchange CME of 0.8% to the closing price of 119.825 cents per pound weight. During the day, the price dropped to 119.375 cents, the lowest since 12July last year.

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