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Beef futures mixed as boxed prices rise post-holiday surge - CME
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The Cattle Site
Cattle futures ended the day mixed as select boxed beef prices continued to move higher, though market players have questioned whether consumers will remain willing to pay up for pricey beef.
Demand for beef is expected to decline following a series of holidays when beef consumption typically rises, including Father's Day and the upcoming US Independence Day holiday.
The choice boxed beef cutout value dipped rose by $4.03 on Tuesday to $394.25 per cwt.
CME lean hog futures ended down, with actively-traded August settling down 2.1 cents to 110.95 cents per pound.
Hog prices typically peak in June and July, when the supply of hogs is at a seasonal low and demand is high.
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