October live cattle (LEV26) futures on Tuesday rose $4.075 to $217.025 and hit a two-week high. November feeder cattle (GFX26) rose $5.725 to $320.45 and hit a three-week high. Both markets in morning trading on Wednesday were giving back some of Tuesday's strong gains to start the holiday-shortened trading week.
The cattle futures markets on Tuesday saw more solid short covering and perceived bargain buying by the speculators. President Donald Trump's recent overtures to get smaller U.S. beef processors ramped up appears to have also given a psychological boost to the cattle industry.
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#cattle
The cattle futures markets on Tuesday saw more solid short covering and perceived bargain buying by the speculators. President Donald Trump's recent overtures to get smaller U.S. beef processors ramped up appears to have also given a psychological boost to the cattle industry.
Will Corn's Bullish Trend Continue
Arabica Coffee Retreats as Brazil Supplies Hit the Market
Adequate Cocoa Supplies Pressure Prices
#cattle
11 days ago
