LIVESTOCK — CME cattle futures rebound on technical buying, good packer margins

By Karl Plume CHICAGO, Oct 15 (Reuters) — Chicago Mercantile Exchange cattle futures rebounded on Thursday in a technical-buying bounce after three sessions of declines and as a stock market recovery supported hopes for continued strong beef demand. The market was also supported by good beef packer margins and a softening of the US dollar after a push to 18-month highs. Gains, however, were held in check as traders awaited direction from cash market prices from feedlots in the Plains. "We're starting to see ideas that cash trades can develop quickly, and that helps kind of push things forward. We've had the dollar down a little bit here, and that may help a little bit," said Matt Wiegand, risk management consultant for FuturesOne. "And you had a little bit better outside market influence today that helped break the tie in some cases and keep the buying going," he said. CME December live cattle ended the day 2.125 cents higher at 227.250 cents per pound after peaking at a 10-week high of 227.900 cents. November feeders gained 3.500 cents to settle at 341.950 cents pound, but hit overhead technical resistance at its 200-day moving average. Average beef packer margins expanded to an e