Cattle Complex Slips at Midweek While Hogs Rally on Firmer Cash
The cattle complex on the Chicago Mercantile Exchange tumbled at midweek, sending August live cattle sliding to a nearly two-week floor. Feeder futures led the declines, with losses for the August through November contracts ranging from $4.05 to $4.55 per cwt despite weaker corn prices at the closing bell for livestock futures.
Grain futures are up sharply so far Thursday as traders monitor dry conditions in the nation's major crop-producing regions. Corn futures are up by about 9 to 10 cents and soybeans are showing...
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