Live Cattle and Feeder Futures Extend Their Midweek Gains, Hit New Highs
The cattle complex extended its midweek gains on the Chicago Mercantile Exchange Thursday, sending feeder futures to fresh contract highs.
October live cattle surged to a seven-week ceiling and finished 95 cents higher at $183.65 per cwt. October feeders were up $2.40 to $258.875 per cwt, beating out the previous contract high made early last week...
Corn futures were trading flat to fractionally higher at the closing bell for livestock futures and likely had minimal impact on the feeders' futures action...
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