(Bloomberg) -- Cattle futures fell for a second-
straight day as beef demand failed to meet meatpackers'
expectations before a U.S. holiday. Hog prices were unchanged.
Meatpackers sold 7.6 million pounds of beef yesterday
compared with 13.8 million pounds on May 16, a two-week high. An
estimated 702,000 head of cattle were slaughtered last week, up
4.9 percent from the previous week, in advance of the May 28
Memorial Day holiday, the traditional start of the U.S. summer
grilling season.
Read more at Bloomberg Commodities News
straight day as beef demand failed to meet meatpackers'
expectations before a U.S. holiday. Hog prices were unchanged.
Meatpackers sold 7.6 million pounds of beef yesterday
compared with 13.8 million pounds on May 16, a two-week high. An
estimated 702,000 head of cattle were slaughtered last week, up
4.9 percent from the previous week, in advance of the May 28
Memorial Day holiday, the traditional start of the U.S. summer
grilling season.
Read more at Bloomberg Commodities News
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