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Tuesday, October 24, 2006

Cattle Futures Stampede Higher.

Cattle futures stampede higher. Lows in place? December Live Cattle futures posted sharp gains, as strong cash market sales, higher boxed beef prices, and short-covering by small speculators all contributed to today's rally. For the past two weeks, December Cattle prices have been mired in a nearly 200-point trading range, with solid buying found near 86.75 and producer selling at 88.50. Read More....