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Beef price upswing snaps skid for live cattle

Written By: Eric Anderson, Jul 14, 2015

Reuters is reporting that  . . .

For the first time in five sessions Chicago Mercantile Exchange live cattle futures landed in positive territory on Tuesday, helped by the turnaround in wholesale beef values, traders said.

August closed 0.55 cent/lb. higher at 147.15 cents, and October up 0.6 cent to 150.325 cents (all figures US$).

Tuesday morning’s wholesale choice beef price (cutout) gained 63 cents/cwt from Monday to $236.63. Select cuts rose $1.58, to $234.28, the U.S. Department of Agriculture said.

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Posted in Livestock | More articles by Eric Anderson

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