The cattle herd in the U.S. is growing, and cash prices for fed and feeder cattle have exceeded expectations this fall as live and feeder cattle futures reached a new contract high to start November.
Wild fires burned in Texas, Colorado, Oklahoma and Kansas earlier this year, destroying thousands of acres in its path.
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China's largest online retailer to buy Montana beef
There was some red during the trading day on Tuesday, but in general the cattle markets have remained strong since Oct. 23.
China’s second-largest online mall to buy more than $1.2 billion of U.S. beef & pork over next three years.