Trade of the Week: The cash cow

Texas droughts and increased international demand have pushed cattle futures to record levels on the Chicago Mercantile Exchange

Friday 18 November 2011 at 06:39

Texas droughts and increased international demand have pushed cattle futures to record levels on the Chicago Mercantile Exchange.

Prices of cattle feed have gained 19% so far this year and risen 8% to $1.4958 per pound in the past two months. The price of live cattle - measured from calf stage to ten months old - has climbed 12% so far this year.