While hog supplies are looking stronger, cattle could face higher prices over time, especially if harsh weather comes into play.
The U.S. economy expanded in the third quarter at a faster pace than initially reported, led by the biggest increase in inventories since early 1998. Consumer spending slowed.
Canada’s dollar fell to the lowest level in three years as central-bank Governor Stephen Poloz warned of the risks of low inflation, spurring speculation interest-rate cuts may be considered.
Three Wall Street trade groups say the CFTC's policy governing overseas trades is lacking in several areas.