The LMIC is forecasting that calf (500-to 600-pound steer) prices in the Southern Plains will average above 2016۪s depressed quarterly average this fall (October-December).
U.S. live cattle futures jumped to the highest levels in over a month on Friday, lifted by technical buying and expectations for bullish government supply data that was due after the close of trading.
Chicago Mercantile Exchange lean hog futures surged more than 3 percent on Friday while live cattle gained about 1 percent, lifted by chart-based and investment fund buying, traders and analysts said.