CME live cattle fall as Cargill to close beef plant

CHICAGO Thu Jan 17, 2013 1:00pm EST

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CHICAGO Jan 17 (Reuters) - CME live cattle futures fell on Thursday following an announcement by Cargill Inc that it plans to close its Plainview, Texas, beef processing plant on Feb. 1 due to tight cattle supplies as years of drought in the U.S. southern Plains shrunk the herd.

By 11:52 CST (1852 GMT), spot February was 2.700 cents per lb lower at 125.825 cents.

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