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Tuesday, February 14, 2006

Live Cattle Continues To Mooove Lower

Live Cattle continues to mooove lower: April Live Cattle futures closed at lows not seen since October, as commodity funds started selling-off their long positions. Resting sell-stops were triggered once the April contract moved below 89.55 and 89.35, according to floor sources. Cash Cattle markets have been quiet as of late, as packers and Cattle owners have yet to agree on prices. Read More....