Cattle futures up on short covering

Cattle futures up on short covering

Chicago Mercantile Exchange live cattle futures were modestly higher on short covering and technical buying, as the trade gets ready for the week’s widespread direct cash business. December was up $.45 at $116.55 and February was $.27 higher at $119.87.

Feeder cattle were up on short covering and technical buying ahead of widespread direct trade. November was $.25 higher at $150.17 and January was up $.45 at $146.27.

Outside of the North, the major U.S.

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