Live cattle futures succumb to feeder futures collapse

A fourth limit down day in feeder cattle futures is proving too much for live cattle futures and each contract month has made a new low for the move catapulting through support and reaching levels not seen since September. Perhaps the CME needs to step in and expand the limit for feeder cattle futures, which will allow the longs to liquidate so the market can relieve the pent up pressure and halt this snowballing money game. Otherwise this debacle will have a difficult time concluding. Read more at The Beef…