Bloomberg – Hedge funds are the most bullish on feeder-cattle futures since at least 2006, a sign that speculators may expect tight supplies of the animals to boost prices that already have surged to a record in Chicago.
The funds increased their net-long positions by 5.2 percent in the week ended Jan. 11 to 18,622 futures and options contracts on the Chicago Mercantile Exchange, U.S. Commodity Futures Trading Commission data showed on Jan. 14. The holdings are the largest since at least June 2006, when the CFTC began tracking the data.
