GFM Network News

U.S. livestock: CME feeder cattle plunge limit-down

Chicago | Reuters — Most Chicago Mercantile Exchange feeder cattle contracts closed down the maximum three-cents-per-pound daily price limit as live cattle contracts slid and corn prices climbed, traders said. Expensive feed could increase input costs for feedlot operators. “Today you’ve got the combination of lower cattle and higher corn in a thinly traded feeder […] Read more