Cattle futures rise on grain slide and cash-market strength
Chicago Mercantile Exchange live and feeder cattle futures turned higher Thursday. A sharp decline in grains and a stronger cash market supported prices as cattle had been oversold and traders cited short covering.
By Heather SchlitzChicago Mercantile Exchange live and feeder cattle futures turned higher on Thursday as a sharp decline in grains and a stronger cash market supported cattle futures.Cattle had been oversold in recent weeks, traders said, and short covering also helped drive cattle higher on Thurs…