date:Sep 15, 2015
her prices.
Supplies will tighten
In the livestock complex, speculators extended bearish positioning on Chicago live cattle, cutting their net long below 13,000 contracts for the first time since April 2013.
Cattle futures have been undermined by weak cash markets, in turn undermined by soft beef markets, with elevated slaughter weights boosting supplies at a time of seasonally weaker demand.
Still, there are expectations that a seasonal recovery might soon begin, with the reopening of schoo