GFM Network News

(Photo courtesy Canada Beef Inc.)

U.S. livestock: Bearish fundamentals halt CME live cattle rally

Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures ended lower on Wednesday following softer wholesale beef values and this week’s disappointing cash prices, traders said. The thinly traded August live cattle contract, which expired at noon CT, closed up 0.45 cent/lb. at 111.95 cents (all figures US$). Most actively traded October and December […] Read more