Live Cattle futures continued to climb as the October contract settled at 238.20, while October Feeder Cattle futures rose to 365.05. October Lean Hog futures were also up on the day. The Wholesale Box Beef report showed sharply higher prices for both choice and select cuts, while consumer demand remains strong. A recent Commitment of Traders report indicated that funds are net long in Live Cattle and Feeder Cattle futures.
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