Cattle Index To Increase 50 Lbs.
Starting November weight parameters for CME feeder cattle contracts and the CME Feeder Cattle Index will increase 50 pounds on both ends of the range—from 650-849 pounds to 700-899 pounds—. “Glynn Tonsor, agricultural economist at Kansas State University was quoted in Beef online as saying that producers will “need to account for it when considering use of historic basis relationships...