“It seemed like cattle was the most optimistic commodity out of the mix,” Brown says. “I think there was still some expectation that corn and soybean prices could stay on the higher ...

January feeder cattle futures traded within the previous day’s range which keeps support and resistance levels intact for today’s trade. We continue to lean on the “sell rallies” bias.

Uruguay currently has a cattle herd of 12 million head with beef becoming the main export commodity of the country ... 38.243 are full cattle breeding; 7.370 a mix of cattle and agriculture ...