CHICAGO, May 17 (Reuters) – Chicago Mercantile Exchange live cattle
futures were called mixed at Monday’s opening, with analysts expecting more
fund selling after the sharp losses on Friday.
However, cattle’s direction may again be dictated by outside markets. A
stronger dollar last week helped guide futures lower, but a weaker dollar
versus the euro on Monday plus a higher stock market could be supportive.
Hogs also drew mixed cattle, with outside markets likely to apply
pressure, while higher cash pork on Friday and news that China will now
accept U.S. pork being supportive.
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