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Texas and Southwestern Cattle Raisers Association

Texas and Southwestern Cattle Raisers Association

To Honor and Protect the Ranching Way of Life

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Cattle futures jump on technicals, China beef hopes

Chicago Mercantile Exchange live cattle futures jumped about 2 percent on Friday, gaining on technical buying and hopes that China could soon boost imports of U.S. beef, traders and analysts said. Feeder cattle futures surged 3 percent, rising by their daily trading limit of 4.500 cents late in the session in a rebound from declines earlier this week. The lower prices made it profitable for feedlots to buy cattle for fattening, prompting buying. Read more at Drovers CattleNetwork…

Written by:
kristin
Published on:
May 15, 2017

Categories: General

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