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Cattle Traders Look to Round Out the Week

Commodity FuturesCommodities & Raw MaterialsFutures & OptionsMarket Technicals & Flows

Live cattle futures closed 57 to 95 cents higher on Thursday. Cash trade was light with a few $234–235 sales and the Fed Cattle Exchange online auction recorded no sales on 1,024 head offered despite bids around $233–235 live (and $368 quoted on another basis), indicating firmer futures amid thin cash/auction activity.

Analysis

Live cattle futures closed 57 to 95 cents higher on Thursday. Cash trade was light with a few $234–235 sales and the Fed Cattle Exchange online auction recorded no sales on 1,024 head offered despite bids around $233–235 live (and $368 quoted on another basis), indicating firmer futures amid thin cash/auction activity.

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Market Sentiment

Overall Sentiment

mildly positive

Sentiment Score

0.15