CME: Live Cattle Futures Declined Sharply


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US - Live cattle futures declined sharply on Monday, with the December and February contracts closing down the daily permissible limit, write Steve Meyer and Len Steiner.

The sharp sell-off was attributed to fears of a credit downgrade for a number of key Euro Zone countries although it is hard to see how a credit downgrade for Europe have much of an impact on US cattle futures expiring in a couple of weeks.

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