Beef futures rose sharply in midday trading to 188.75, driven by export orders from Japan and South Korea. USDA export weekly report shows a 14% increase in shipments, which historically supports futures rallies in the livestock sector during Q NYMEX platinum futures led the commodities sector on the upside in September. Market data shows beef futures volatility eased to 12.4% after last week's spike on export policy news. Prices stabilized at 187.30, with traders noting the consolidation could be a base formation before another upward leg in Q Beef futures got a lift from colder-than-usual weather in major beef-consuming regions, boosting retail demand. June contracts closed at 188.55, a seasonal anomaly that analysts say could extend buying interest into next month.
