Your Reading List

Cattle Reach Record High

Reading Time: < 1 minute

U.S. cattle futures closed at a record high last Monday after seven straight sessions in reaction to strong cash cattle and beef markets, traders said. October cattle peaked at 123.100 cents per lb. in Monday s pit trading, the highest ever for a lead contract and surpassing the previous high of 122.875 cents set in April. Nonetheless, a stronger dollar s surge and the lower stock market limited gains. Deflated consumer confidence in the world economy, and the higher dollar, might dampen domestic and foreign meat demand, traders said.

Comments

explore

Stories from our other publications