Chicago Mercantile Exchange cattle futures firmed on Tuesday, amid a flurry of technical trading, weakness in corn futures Cv1 and strength in the wholesale beef pricing, market analysts said.
Hefty global grain supplies, competition for export business anchor prices
Corn, soy firm ahead of USDA data
CME live cattle futures also declined in range-bound trade
Corn drifted upward, soybeans declined
Exports the most likely category to see changes, analyst says
Most analysts expect USDA to lower its Brazil harvest estimate