SKINNIER COWS, HIGHER PRICES: EXTREME COLD’S EFFECT ON THE CATTLE MARKET

Source: The Globe and Mail

Another day of frigid weather in parts of North America sent cattle prices to a record, but Florida orange groves and U.S. wheat fields were spared from the deadly cold. Cattle futures touched a new high in Chicago on Tuesday as slaughterhouses bid up prices ahead of barbecue season even as the sub-zero temperatures are causing livestock to shed weight and making it tougher to transport the animals to slaughter... (read more)