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EN
Beef prices surge on tight supply, lifting cattle futures - CME
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The Cattle Site
CME July lean hogs settled up 2.325 cents at 111.800 cents per pound after notching a contract high at 112.050 cents.
Cattle futures bounced back on Monday after Friday's profit-taking dip, but stayed below an all-time high set last week.
Most-active August live cattle futures settled up 3.100 cents at 215.550 cents per pound.
CME August feeder cattle futures closed up 3.800 cents at 310.225 cents per pound.
Tight US cattle supplies and historically high beef prices continue to underpin the market.
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