date:Dec 24, 2012
simply have been broad profit taking by bulls in the wake of recent gains.
Futures and hedge funds were reportedly exiting large numbers of positions ahead of the year-end holiday season. The short-covering that apparently boosted the crop markets overnight may also boost livestock futures today, but prices were actually lower in early-morning trading. February live cattle futures slipped 0.20 cents to 133.30 cents/pound, while the April contract had dipped 0.27 cents to 137.12.
Hog futures h