CME live cattle futures plunge 3-cents price limit

By Reuters News Service, Theopolis Waters, The Western Producer, September 27, 2016 

CHICAGO, Sept 27 (Reuters) – Chicago Mercantile Exchange live cattle futures on Tuesday slumped, with nearby contracts down the 3-cents per pound daily price limit, rattled by fund selling and uneasiness before cash prices by Friday, said traders.

October and December settled down by the 3-cents limit to 103.825 and 103.125 cents, respectively. Live cattle’s trading limit will be expanded to 4.5 cents on Wednesday.

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