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Cattle Futures Surge Most in Six Months on Beef Outlook

Cattle futures surged the most in six months on signs of shrinking animal supplies in the U.S. and higher demand for beef as Japan eased restrictions for imports.

U.S. feedlots bought 0.5 percent fewer cattle in December compared with a year earlier, the Department of Agriculture said after the close of regular trading on Jan. 25, surprising analysts who forecast an increase. Japan will allow U.S. imports of beef from animals less than 30 months of age under an accord effective Feb. 1, the U.S. government said in a statement.