The latest numbers from the June Cattle on Feed report had no surprises as the trend of fewer cattle in feedlots continues.
Wide range of pre-report guesses for On Feed and Placements.
Chicago Mercantile Exchange live cattle contracts on Wednesday posted new highs, and nearby months hit their 3.000-cent daily price limit, sparked by brisk beef demand and stronger-than-anticipated cash prices, traders
Feeder cattle again end lower and lean hogs finish mostly weaker.
Report reflects aggressive lightweight calf placements.
U.S. cattle producers have called on CME Group Inc and federal legislators to rein in price volatility they say has rendered the world's largest livestock futures market ineffective.
Traders did a good job of anticipating the report.
Showed all categories about as expected.