CME Live Cattle Futures Hit 10-Week High on Firm Cash Prices
Live cattle futures climbed to a 10-week high on Friday, supported by firm cash prices and tightening beef supplies. Feeder cattle futures were steady to higher as feed corn prices fell.
By Karl PlumeChicago Mercantile Exchange live cattle futures climbed to a 10-week high on Friday on firm cash market prices and tightening beef supplies, while feeder cattle futures were steady to higher as feed corn prices fell.Tight supplies of cattle continued to underpin futures, along with str…