TractorWise

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed sharply higher on Monday, with the August contract up the three-cent per pound daily price limit, helped by buy stops and fund buying, said traders. They said Monday morning’s wholesale beef price upswing and back-month futures’ discounts to last week’s cash prices offset initial selling tied to Friday’s bearish U.S. Department of Agriculture monthly Cattle on Feed report. June, which will expire on Friday, closed 2.275 cen...