U.S. livestock futures fell Thursday as both the pork and beef industries faced uncertainty about autumn meat demand.
CME cattle for October delivery fell 0.42 cent, or 0.4%, to $1.136 a pound in trading at the Chicago Mercantile Exchange. CME December cattle traded lower by 0.47 cent, or 0.4%, to $1.1542 a pound. Feeder cattle for September rose 0.3c, or 0.2%, to $1.3275 a pound.
Cattle futures were pressured by weak wholesale beef prices, inactive cash markets and a broad-market sell-off tied to concerns about meat demand in the fall. The Dow Jones Industrial was off 99 points to 11544 after more signs pointed to a sideways U.S. economy.