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Cattle Futures: Contracts Close Steady to Slightly Higher, Monday

05 November 2013

US - Live cattle grew late in the day finishing steady to 45 cents higher with December Futures closing at $132.10, up 2 cents.

December cattle was trading slightly higher and February cattle slightly lower on the day into the mid-session with choppy trade, write CME analysts.

Boxed-beef choice cut-out values at mid-session came in at $205.30, up 70 cents on the day and this helped to support.

The market is consolidating the losses from Friday as the trade was disappointed with news that cash traded steady on the week.

More talk that consumer demand could slide due to less food stamp activity and near record high beef prices helped to pressure.

Some traders expect a higher showlist for this week as unsold cattle from last week move onto this week's list.

TheCattleSite News Desk

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