CHICAGO (Reuters)-the first season has thrown the blizzard as much as 15 inches of snow in the plains of the South, disrupting the production of beef, and stop business in cash cattle market.
As the storm faded on Tuesday, the crew come out clean but ice conditions tend to keep the slow movement, limiting supplies to beef packers.
Live cattle futures on the Chicago Mercantile Exchange ended lower as the market shrugged off the storm. The previous day, cattle futures rose daily limit in a knee-jerk reaction.
The storm is a boon for hard red wheat crops of winter in the Southern Plains States such as Kansas, Texas and Oklahoma which suffered from a near year-long drought that has dimmed the prospects in wheat plant No 1 exporter in the world.
The three countries also account for nearly half of the cattle was traded in the United States, and livestock movements slowed down on the part of the area because of the freeze.