CME feeder cattle hit 3-month peak on corn outlook shock
Feeder cattle futures rose to a three-month high after USDA unexpectedly lifted its 2026 US corn harvest outlook, weighing on corn prices and lifting live cattle contracts.
CME feeder cattle futures climbed to a three-month high on Friday after the US Department of Agriculture unexpectedly raised its 2026 US corn harvest outlook, which pushed feed grain prices sharply lower. Live cattle futures also moved higher with feeders and reached a tw…