Lower seasonal demand impacts US cattle prices
According to the Chicago Mercantile Exchange (CME), U.S. cattle futures prices fell due to a slowdown in the rise in meatpacking revenues, which had been driven by a shortage of cattle and strong seasonal demand.
This index showed negative figures after the Labor Day holidays in the United States, as it is considered the end of summer, leading to an estimated drop in retail purchases of animal protein.
The U.S. cattle industry is at a crucial moment for the sector, as national cattle herd numbers are at historic lows, largely limited by the closure of the border with Mexico to live cattle due to cases of screwworm, primarily in states bordering Central America.
This, coupled with the continued unabated demand for beef, has driven consumer prices to record highs
The CME also reported a 0.125 cent drop in October live cattle futures, following a series of increases that reached 0.875 cents. In contrast, inflation in the livestock sector has allowed a recovery in the US pork industry by increasing consumption among the population.
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