NEWS
Rick Kment DTN Analyst
Wed Jul 1, 2015 10:30 AM CDT

OMAHA (DTN) -- Buyer support has once again shifted back into cattle markets with both live cattle and feeder cattle futures holding triple-digit gains mid-morning. Aggressive losses Tuesday have allowed for an opportunity for short-covering to flood into the complex, pushing nearby contracts $2 per cwt higher. It is uncertain just how much follow-through support will be seen as feeder cattle contracts will have a hard time finding enough momentum to regain all of the losses seen Tuesday. Hog futures are mixed in a moderate to wide range. Although summer contracts continue to hold sharp gains, weaker prices are developing ...

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