date:Jan 22, 2014
U.S. cattle futures surged to fresh peaks Tuesday, lifted by record high prices paid for cattle in cash trade across the country and a sharp jump in wholesale beef values over the past week.
February live cattle picked up 1.2 cents, or 0.9%, to $1.4155 a pound at the Chicago Mercantile Exchange, the highest closing price ever for a front-month contract, following a 2.7% gain over the past week. April cattle advanced 0.92 cent to $1.4022 a pound.
The cattle market has been underpinned by strong