CHICAGO, March 15 U.S. cattle and hog futures dropped as
much as their 3-cent daily limit Tuesday morning as worries about a nuclear
disaster in Japan had investors fleeing the markets, traders said.
Before the Japanese earthquake and tsunami which damaged some nuclear
reactors, investors had bid cattle and hog futures to record highs.
At 10:25 a.m. CDT, (1525 GMT), April cattle futures LCJ1 were down 3
cents at 113.500 cents per lb and June LCM1 was likewise limit down at
April hogs LHJ1 were down 1.450 cents at 84.500 cents per lb with
June hogs LHM1 down 2.850 cents at 94.700 cents. Other hog contracts were
down their 3-cent limit.
(Reporting by Bob Burgdorfer; Editing by John Picinich)