Cattle Rebounds After Labor Strike Selloff -- Market Talk
Dow Jones
Feb 07
1219 ET - Live cattle futures on the CME are up 1.7% in morning trade, this after closing yesterday down 2.5%. Yesterday's hit was some profit-taking in cattle, as well as a reaction to a strike authorization action at the JBS meatpacking plant in Greeley, Colo. While the labor union has not started to strike, market-watchers are waiting to see if they proceed. "The union said workers are working faster, that increases risk for injuries and JBS has reduced work hours," says ADM Investor Services in a note. Lean hog futures are up 0.3% today. (kirk.maltais@wsj.com)
(END) Dow Jones Newswires
February 06, 2026 12:19 ET (17:19 GMT)
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