(Bloomberg) -- Feeder cattle futures fell in Chicago
as prices rose for the main ingredients in livestock feed. Hog
futures also dropped.
Demand for feeder cattle, animals that graze pastures
before being sold for fattening, normally decline when corn
futures rise. The grain jumped more than 3 percent today,
bringing the past year's gain to 56 percent. Wheat, an alternate
feed source, is up 32 percent in the past year.
Read more at Bloomberg Commodities News
as prices rose for the main ingredients in livestock feed. Hog
futures also dropped.
Demand for feeder cattle, animals that graze pastures
before being sold for fattening, normally decline when corn
futures rise. The grain jumped more than 3 percent today,
bringing the past year's gain to 56 percent. Wheat, an alternate
feed source, is up 32 percent in the past year.
Read more at Bloomberg Commodities News
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