Cattle Futures - Live Cattle Mostly Up, Hogs Mixed
CHICAGO - Most Chicago Mercantile Exchange live cattle contracts settled up slightly on short covering and December/February and February/April forward spreads. Feeder cattle finished higher.
30 October 2007
1 minute read
Meanwhile, December through April CME hogs ended down while remaining contracts closed moderately firm. And, pork bellies settled higher.
Live cattle futures opened mixed amid choppy action as traders digested last week's generally steady cash outcome pitted against Friday's pork cutout drop.
What's more, there were beliefs that beef future's plunge last Friday was overstated. And, October and December's oversold Relative Strength Index conditions attracted prospective buyers.
