RUMINANT NEWS

CATTLE FUTURES RISE ON FIRM CASH MARKET AND HIGHER BEEF PRICES

US live cattle futures rose for a second straight session on 17 November, lifted by higher cash beef prices and signs that cash cattle at feedlot auctions would trade at steady to higher prices this week.

Consumer demand for beef has remained solid despite rising coronavirus infection rates that have triggered lockdowns and shuttered many restaurants and food service operations, key outlets for beef.