Cattle Futures Rise in Chicago on Unexpected Demand Following U.S. Holiday

(Bloomberg) -- Cattle futures rose in Chicago as
beef demand unexpectedly increased after a long holiday weekend
in the U.S.

Beef sales rose 11 percent compared with a week earlier,
according to U.S. Department of Agriculture data. Demand usually
wanes in the U.S. after Memorial Day, which was May 28, as many
Americans go back to work. This year the demand hasn't fallen off
as much as expected, said Troy Vetterkind, a cattle trader with
e-Hedger in Chicago.


Read more at Bloomberg Commodities News