Cattle futures extend losses; boxed beef prices slip
Live cattle futures fell for a second straight session. Choice and select boxed beef cuts fell 27 cents and $1.79 per hundredweight, respectively. ADM Investor Services attributed demand shifts to high gas and diesel prices.
79 per hundredweight, respectively. Chris Lehner of ADM Investor Services said in a note that high gas prices are leading consumers to buy the cheapest beef. He added that high diesel prices are costing fee…