Chicago / Reuters – Chicago Mercantile Exchange live cattle futures closed higher on Friday after short-covering and bargain hunting snapped a three-day losing streak, traders said.
August live cattle ended 2.425 cents per lb higher at 109.950 cents, and October closed 2.375 cents higher at 108.075 cents.
Investors were awaiting the U.S. Department of Agriculture's monthly Cattle-On-Feed report on Friday at 2 p.m. CDT…
Chicago / Reuters – U.S. corn futures fell for the third day in a row on Thursday, with good weather for crop development in the U.S. Midwest and poor exports pushing prices to their lowest in nearly two years.
Wheat and soybean futures firmed. The soy market was supported by signs that overseas buyers were looking to the United States to fill gaps caused by shortfalls in the Argentine crop, traders said.