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MARKET TALK: Spillover Buying, Stops Boost CME Live Cattle

10/29/2008 11:16AM

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CME live cattle are higher on follow-through buying. Dec also tripped buy stops with the help of spreading into the contract out of Oct and Feb. And, electronic-CBOT corn strength drive up back cattle months.

Oct is 75 points higher at 90.50 cents a pound, and Dec is 115 points higher at 90.02 cents. Feeder cattle are also higher on live cattle gains and short covering. Oct is up 30 points at 95.85 cents, and Nov is 117 points higher at 96.60 cents. (TWA)

Contact us in Chicago at 312-750-4075; theopolis.waters@dowjones.com

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