Cattle futures higher on short covering


Cattle futures higher on short covering

At the Chicago Mercantile Exchange, cattle futures ended the day sharply higher on short covering and technical buying interest.  Feeder cattle are higher on concerns that increased placements through the first half of the year will limit supplies at the end of the year.  August live cattle closed $3 higher at $106.72 and October contracts closed $3 higher at $110.02.  August feeder cattle closed $4.50 higher at $151.32 and September contracts closed $3.57 higher at $150.95.

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