Live cattle futures are up $1.45 to $1.72 on Wednesday, signaling a modestly firmer tone in the cattle complex. Cash trade has not developed yet this week after last week's $258-$260 sales, and the Wednesday Fed Cattle Exchange auction cleared no sales on 1,636 head with bids at $255. The tone is constructive but largely routine absent a confirmed cash market.
Live cattle futures are up $1.45 to $1.72 on Wednesday, signaling a modestly firmer tone in the cattle complex. Cash trade has not developed yet this week after last week's $258-$260 sales, and the Wednesday Fed Cattle Exchange auction cleared no sales on 1,636 head with bids at $255. The tone is constructive but largely routine absent a confirmed cash market.
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neutral
Sentiment Score
0.12
