CME -Vee -Termks higher on stabilization of the stock market

By Heather Schlitz Chicago, April 15 (Reuters) – Chicago Mercantile Exchange Live and Feeder Cattle Futures ended on Tuesday, as relatively firm boxing prices and the recovery of stock markets supported prices, analysts said. CME June Live Cattle Futures rose 0.725 cents to end with 199.8 cents per pound and livestock farmers futures could end 1.575 cents higher to 282,525 cents per pound. “It’s a matter of market that finds more stability after a week of a lot of volatility linked to outside markets,” said Altin Kalo, Steiner Group economist. Some trade policy relief and strong banking earnings added support to stock markets, while US government bonds and the dollar were steady, after US President Donald Trump made possible tariff changes on cars. In the beef market, the choice of beef dropped by 20 cents to $ 335.43 per hundred weight (CWT), and Select Cuts fell by 61 cents to $ 315.24 per CWT on Tuesday afternoon, according to the US Department of Agriculture. A seasons in the demand for meat have also added an upward momentum to prices, as retailers may arrive before the grid season, an analyst said. A short cover before the USDA’s Thursday livestock on feed report also contributed to the prices blazing a boom in the prices. A Reuters poll of analysts reported that the US livestock feed is 1.8% lower on April 1 than a year ago. CME June Lean Hog ​​Futures rose 0.05 cents by 95,175 cents per pound. Hog -futures are also increased in the markets of shares, analysts said. The USDA priced pork carcasses at $ 91.73 per CWT, from Monday $ 1.05 lower. (Reporting by Heather Schlitz; Editing by Mohammed Safi Shamsi) First Published: 16 Apr 2025, 03:25 am Ist