Reuters logo
CME live cattle fall as Cargill to close beef plant
January 17, 2013 / 6:00 PM / 5 years ago

CME live cattle fall as Cargill to close beef plant

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.

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below