Commodity Blog

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Cattle Advances on Bad Weather Forecast; Corn Falls as Supplies Rise

December 7, 2009 at 22:10 by Vladimir Vyun

Cattle rose on forecast that adverse winter weather in the northern U.S. Great Plains may slow animal-weight increases. Animals tend to gain less weight in winter, as they expend more energy to stay warm. As a result colder winter means slower weight increase. February futures for cattle delivery rose $0.00275 (0.3 percent) to $0.83475 per pound as of 12:36 on CME.

Corn dropped to the lowest in three weeks on prediction that the U.S. inventories will grow. Analysts consider export demand to be slow. March futures for corn delivery dropped $0.01 (0.3 percent) to $3.875 per bushel by 12:43 on the Chicago Board of Trade.

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