Chicago Mercantile Exchange live cattle and lean hog futures rose to life-of-contract highs on Tuesday, lifted by investment fund buying linked to optimism that meat prices will continue to rise, traders said.
High level of nitrates have been detected in forages this year in South Dakota and other states. Depending on where you live, it could be due to weather conditions, fertilizer, previous crop, or a combination.
Chicago Mercantile Exchange live cattle futures climbed to a two-week high on Monday, buoyed by technical buying and ideas that strong consumer demand for beef would continue, traders and analysts said.
Parts of Iosco and Ogemaw counties in Michigan have been designated by officials as a “Potential High-Risk Area” for bovine tuberculosis after a white-tailed deer in Alcona County tested positive for the disease.