Chicago Mercantile Exchange live cattle futures settled mixed on Thursday after an up-and-down session, supported by futures' discounts to preliminary cash prices but pressured by profit-taking, traders said.
U.S. beef production for 2015 is forecast to be higher thanks to increasing carcass weights.
Chicago Mercantile Exchange live cattle contracts were weakened Friday by profit-taking and investor caution as they await the bulk of this week's cash cattle sales, said traders.
U.S. beef production is projected to be lower than originally expected for 2014.
Use the following Microsoft Excel spreadsheet, courtesy of Ken Rulon, to plug in your costs to compare conventional tillage and no-till.
Beef production is looking to increase from original projections, while exports are dropping off a bit.
Thirty of the nation's best beef industry youth spokespersons competed.