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Market Impact: 0.2

Cattle Weakness Resumes on Thursday

Commodities & Raw MaterialsCommodity FuturesEnergy Markets & Prices

Live cattle futures are down about $1.70 to $2.00 in midday trading, while feeder cattle futures are down roughly $4.12 to $4.50. The Thursday Fed Cattle Exchange auction had no sales on 1,356 head, with bids only at $245-$248, and cash trading is described as slow with little early action.

Analysis

Live cattle futures are down about $1.70 to $2.00 in midday trading, while feeder cattle futures are down roughly $4.12 to $4.50. The Thursday Fed Cattle Exchange auction had no sales on 1,356 head, with bids only at $245-$248, and cash trading is described as slow with little early action.

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Market Sentiment

Overall Sentiment

mildly negative

Sentiment Score

-0.20