Reading Time: < 1 minute Cattle futures stormed higher at the Chicago Mercantile Exchange (CME) on Tuesday, boosted by firmer U.S. cash trading last week, while hog futures set contract lows.
Large supplies of hogs continue to pressure futures, analysts said
Corn set a contract low in front-month futures; wheat futures declined
China's beef purchases supports live cattle
Wheat, soy decline on bumper Brazil harvest, resilient Black Sea trade
Plains blizzards and cold winter weather stressed animals and impacted weight gain
Corn, soybeans fell as traders assessed a rainy forecast in South America
Live cattle futures eased on profit-taking and weaker-than-expected cash trades
Traders continue to keep a sharp eye on Brazil weather forecast
Railways between U.S. and Mexico reopened five days after key trade routes closed
Live cattle ended the day down, feeder cattle were up