USA: Pork and beef quotes rise on CME due to slaughter difficulties

From December 16 to December 23, the cattle and pork futures market on the Chicago Mercantile Exchange developed in the same direction. Although during the week the quotes for pork and cattle meat were not stable, but by the end of the week, on the last day before Christmas, they went up sharply and turned out to be higher than the values recorded as of December 16, KazakhZerno.kz writes. Futures for live cattle fell on Thursday: severe frosts that came to the US caused a delay in slaughter. Futures for delivery in the summer months have climbed to the maximum, as traders expect a drop in the supply of cattle to the market. Severe frosts can aggravate the situation with livestock: it is more difficult to raise young animals in such conditions than at stable average temperatures. The largest meat producer, Tyson Foods Inc., has suspended slaughter at some of its meat processing plants. The slaughter of cattle fell to 113 thousand heads, although according to the plans, 459 thousand ...