NEWS
Rick Kment DTN Analyst
Thu Aug 28, 2014 11:57 AM CDT

OMAHA (DTN) -- Gains in live cattle futures markets continue to expand in late morning trade. Firm support at and above the $150 per cwt price level has been established in October live cattle with traders closely monitoring if this threshold will be able to hold. The firm support in live cattle markets is drawing buyers back into the feeder cattle complex with additional triple- digit gains seen in September through January contract months. Lean hog futures are condensing the trading range seen earlier in the morning, but still maintaining light to moderate pressure in nearby contracts while offsetting this ...

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