Live cattle futures continued to weaken Tuesday, falling $1.60 to $3.30 at the close. Open interest rose by 3,860 contracts, while August positions fell by 8,909, signaling reduced near-term exposure. With cash trade not yet started (northern bids around $380 dressed vs. $390–$393 sales), bearish pressure appears to persist into the next session.
Live cattle futures continued to weaken Tuesday, falling $1.60 to $3.30 at the close. Open interest rose by 3,860 contracts, while August positions fell by 8,909, signaling reduced near-term exposure. With cash trade not yet started (northern bids around $380 dressed vs. $390–$393 sales), bearish pressure appears to persist into the next session.
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mildly negative
Sentiment Score
-0.25