date:Dec 24, 2012
cents to $7.93 1/2 overnight, while March KCBT wheat gained 2 3/4 cents to $8.46 1/2 and March MGE futures advanced 2 1/2 cents to $8.86 per bushel.
After seeming to break out to the upside Wednesday, live cattle futures suffered a rather stark reversal yesterday. Reports of wholesale weakness, particularly in choice cutout probably played a role in the drop, as did reports of light country trading at 126 cents/pound (down about one cent from last week), but the main driver of the decline may