LIVESTOCK-Cattle bounce back after days of falls

CHICAGO, Nov 7 (Reuters) - Live cattle and feeder cattle futures on the Chicago Mercantile Exchange rebounded on Friday after three straight sessions of dips, but expectations of weakening beef demand continue to hang over the market.

CME December live cattle futures LCZ25 settled up 2.575 cents at 221.350 cents per pound. January feeder cattle FCF26 ended up 3.975 cents at 319.575 cents per pound.

Live and feeder cattle futures reached all-time highs in mid-October, with support from high beef prices as the U.S. cattle herd fell to its smallest size in decades after a long drought.

An outbreak of the screwworm parasite in Mexico caused U.S. officials to mostly stop imports of Mexican feeder cattle in May, which led to even tighter supplies, and added to the bullish market.

But those days may be behind investors, said Don Roose, president of U.S. Commodities.

U.S. Agriculture Secretary Brooke Rollins said this week that President Trump was "very focused" on reopening the border, although she was not yet ready to restart imports as Mexico is still trying to contain the outbreak.

Those comments encouraged selling, Roose said, with the prospect of greater cattle supplies seeming more likely in the future.

Meanwhile, sentiment in the wider economy amid the U.S. government shutdown, including uncertainty about the payment of SNAP food aid benefits, drove fears of softening beef demand.

In hogs, Roose said seasonal demand was down, pressuring futures.

The nearby CME December lean hog contract LHZ25 settled up 0.425 cent at 79.400 cents per pound. February lean hogs LHG26 fell 0.475 cent to 79.350 cents per pound.