Cattle futures finished the day lower for the fifth consecutive.

Futures were lower as the U.S.

The World Trade Organization again sided with Canada and Mexico in their complaint against our Country of Origin Labeling law.
In the U.S., the country that made the hamburger a global icon of American fast-food cuisine, beef is about to fall another spot on the meat scale.
One of the discouraging issues regarding this week’s change in supply is just how poorly the cash pork market is taking it.
In both pork and beef, these increasing tensions with Russia are a concern.
Cattle futures rose for the fourth session on signs that rising demand for U.S. beef is boosting profit margins for meat processors.
Yesterday Apr. Live Cattle came close to testing support in the 127.00 area posting a low of 127.60 before the market experienced a 225 point short covering rally.
The worst U.S. drought since the 1930s is shrinking a cattle herd that’s already the smallest since 1952 and signaling tighter beef supplies and higher costs for restaurant owners.
Cattle futures rose for the first time in a week after a government report showed the size of the U.S. herd fell to 61-year low, signaling tightening beef supplies. Hog prices dropped.