Livestock Futures end the day sharply lower

Live Cattle Futures finished the day down the daily limit of 3.00 on long liquidation. February Cattle closed at 158.775 down 3.00. Live Cattle Futures were limit down for most of the day. Feeder Cattle also closed down the limit with March Feeder Cattle Futures closing at 219.60, down 3.00. February Lean Hogs closed weak down roughly 1.40 at 81.87. Cash hog news was weak. Cash Bellies were quoted down sharply and dragged down prices. Some spillover selling pressure that emerged from weak live cattle futures trading during the session was also factor in lean hog weakness.