CME February 2019 live cattle with 20-day moving average. (Barchart)

U.S. livestock: Cattle hit six-week high on technical buying

Chicago | Reuters — U.S. live cattle futures rose sharply for the second straight session on Wednesday, reaching a six-week high, on technical buying and expectations that beef packers would pay higher prices for cattle this week, traders said. Cattle futures had declined earlier on Tuesday before turning higher and then surpassing the previous session’s […] Read more