December hog futures finish down - CME
Chicago Mercantile Exchange (CME) live cattle futures tumbled to a six-week low on Friday under pressure from declining prices for boxed beef and livestock in the cash market, Reuters reported, citing traders.Concerns about demand for US beef weighed on prices as output is benefiting from ranchers who are compensating for dwindling herd numbers by raising cattle to heavier weights.Ranchers have also been sending more cattle to slaughter in recent years as drought has reduced the amount of pastur
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