Cattle fall to 6-year low on long liquidation, ample supply

By Michael Hirtzer, Reuters News Service, October 11, 2016 

CHICAGO, Oct 11 (Reuters) – U.S. cattle futures fell to six-year lows on Tuesday, adding to steep losses from the previous session as investors liquidated holdings amid ample animal and meat supplies, traders and analysts said.

Lean hog futures gained more than 1 percent at the Chicago Board of Trade, lifted by spreading as some traders bought back short hog positions and sold long cattle positions.

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