TractorWise

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Tuesday bowed to fund liquidation that wiped out Monday’s sharp gains, including the August contract’s settlement up its three-cent per pound daily price limit, traders said. They attributed further selling on lower wholesale beef values that could weigh on this week’s cash prices. June, which will expire on Friday, closed 1.875 cents/lb. lower at 119.6 cents (all figures US$). Most actively traded August finished 3.25 cents lowe...