At the Chicago Mercantile Exchange, live cattle were sharply lower, and feeders were limit down on technical liquidation. October live cattle closed $5.62 lower at $230.17 and December live cattle closed $6.40 lower at $231.17. October feeder cattle closed $9.25 lower at $349.92 and November feeder cattle closed $9.25 lower at $348.87. There was a…… Continue Reading
Congress continues to contemplate federal legislation that would address California’s Proposition 12. Joe Maxwell, president of the political action group Farm Action Fund, says eliminating the measure would be detrimental to the nation’s independent hog farmers because it has created a vital market opportunity. “We’re raising our hogs without crates. That’s what Californians want.” He says,…… Continue Reading