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Market Impact: 0.22

Cattle Rally on Wednesday

Commodities & Raw MaterialsCommodity FuturesFutures & OptionsMarket Technicals & Flows

Live cattle futures rose 52 cents to $1.32 on the session, supported by firmer cash trade at $260 live and $408 dressed in the North. The Fed Cattle Exchange online auction drew no sales on 1,636 head offered, with bids at $255, indicating a firm but still selective market. Feeder cattle were also stronger, reinforcing a constructive near-term tone for livestock contracts.

Analysis

Live cattle futures rose 52 cents to $1.32 on the session, supported by firmer cash trade at $260 live and $408 dressed in the North. The Fed Cattle Exchange online auction drew no sales on 1,636 head offered, with bids at $255, indicating a firm but still selective market. Feeder cattle were also stronger, reinforcing a constructive near-term tone for livestock contracts.

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Market Sentiment

Overall Sentiment

mildly positive

Sentiment Score

0.18

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