CME live cattle LEJ24 on Jan. 29 with Bollinger bands. (Barchart)

U.S. livestock: CME cattle futures ease on profit-taking after 2-1/2-month peak

Lean hog futures ended modestly higher; firm cash hog prices lent support

CME April live cattle futures LCJ24 settled down 0.450 cent at 181.225 cents per pound, retreating after rising to 183.450 cents, the contract's highest point since Nov. 7. Last week's firm cash cattle prices and technical buying underpinned the market, traders said.

(Photo courtesy Canada Beef Inc.)

CCA disappointed, not surprised by breakdown in trade talks

Yesterday, federal officials said bilateral negotiations with the UK had been paused amid unhappiness on both sides

The Canadian Cattle Association says it's disappointed but not surprised by the UK's decision to pause talks on its free trade deal with Canada. “CCA has been following the bilateral negotiations closely and has been concerned at the lack of ambition and cooperation from the UK in these negotiations," said Nathan Phinney, the CCA's president, in a news release late yesterday.