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Thursday, December 15, 2005

Traders are "bullish" Live Cattle!

Traders are "bullish" Live Cattle! Sorry for the pun, but I could not help myself. Commodity funds have taken control of the Live Cattle futures market, as their continued accumulation of long contracts helped push prices in the nearby months to new contract highs. According to the most recent Commitment of Traders report, large speculators we holding a net long 51,235 contracts as of December 6th. Read More....