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Market Impact: 0.25

Cattle Look to Midweek Trade Following Tuesday Weakness

Commodities & Raw MaterialsCommodity FuturesMarket Technicals & Flows

Live cattle futures fell by 10 to 67 cents on the day, while open interest declined by 241 contracts, pointing to a possible ownership rotation. Cash trade was firm last week with north dressed cattle at $403 and live trade around $255–$256 (southern at $255), providing some support despite the futures softness.

Analysis

Live cattle futures fell by 10 to 67 cents on the day, while open interest declined by 241 contracts, pointing to a possible ownership rotation. Cash trade was firm last week with north dressed cattle at $403 and live trade around $255–$256 (southern at $255), providing some support despite the futures softness.

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Market Sentiment

Overall Sentiment

mildly negative

Sentiment Score

-0.25

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