(Bloomberg) -- Feeder cattle futures rose to a nine-
month high in Chicago as lower corn prices increased demand for
cattle sent to feedlots to be fattened for slaughter. Hog futures
also gained.
The price of corn has fallen 18 percent on the Chicago Board
of Trade since June 18, increasing expectations that feeder
cattle supplies will fall as corn-fed beef becomes more
attractive to consumers, said Paul Sedlacek, a broker at Midwest
Futures in Norfolk, Nebraska.
Read more at Bloomberg Commodities News
month high in Chicago as lower corn prices increased demand for
cattle sent to feedlots to be fattened for slaughter. Hog futures
also gained.
The price of corn has fallen 18 percent on the Chicago Board
of Trade since June 18, increasing expectations that feeder
cattle supplies will fall as corn-fed beef becomes more
attractive to consumers, said Paul Sedlacek, a broker at Midwest
Futures in Norfolk, Nebraska.
Read more at Bloomberg Commodities News
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