Cattle futures rose for the third straight session, the longest rally in two weeks, on signs that improved demand from U.S. beef processors is tightening supplies of the animals. Hog prices also advanced.
Keith Kisling normally has 1,500 head of cattle on his land near the Oklahoma-Kansas border. Last year’s U.S. drought changed all that. For the first time in four decades as a farmer and rancher, he has none.