BusinessCME Feeder Cattle Reach 3-Month High After USDA Raises Corn Harvest Outlook
Feeder cattle futures on the Chicago Mercantile Exchange surged to a three-month peak after the USDA unexpectedly increased its 2026 US corn harvest forecast, causing corn prices to drop sharply. Live cattle futures also rose to a two-month high, boosted by technical buying. The USDA expects the second-largest corn crop on record despite adverse summer weather, leading to lower feed costs and bullish cattle market sentiment.
Mint Markets·


