CME feeder cattle prices hit three-month peak following corn price plunge

Chicago Mercantile Exchange feeder cattle futures rallied to a three-month high on Friday after the USDA raised its 2026 US corn harvest outlook.

CME November feeder cattle finished up 7.075 cents, or 2.1%, at 341.950 cents per pound.

December live cattle settled 3.500 cents higher at 227.050 cents per pound due to technical buying and lower feed costs.