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Spillover Buying Drives Up Prices

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Published: November 10, 2011

REUTERS / U.S. December cattle futures sprinted to their highest ever for a spot month Nov. 4, in response to strong cash cattle prices and broader market advances driven by Greece debt resolution optimism.

Cash cattle and outside markets ran higher, so you re bound to get some spillover buying across the board on the futures side, a Chicago Mercantile Exchange cattle trader said.

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