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Cattle Futures Rise as Snowstorm May Curb Animal Weights

Cattle rose for the first time this week on speculation that a winter storm sweeping across the U.S. may reduce animal weights, while beef exports jumped. Hogs fell, capping the longest decline since October 2008.

A weather system may drop more than 12 inches (30 centimeters) of snow in parts of the Great Plains, according to the National Weather Service. Steers averaged 1,385 pounds (628 kilograms) in the first four days of this week, down 0.3 percent from a week earlier, government data show. Beef-export sales tripled in the week ended Feb. 14.