Live cattle futures gained $0.90 to $1.00 on Wednesday, indicating short-term firmness in the futures market. Cash trade has not started this week; last week's reported cash sales were $234-235 and $238 late in the southern region. The Wednesday morning Fed Cattle exchange reported no sales on the 1,016 head offered, highlighting limited cash market liquidity and potential basis volatility.
Live cattle futures gained $0.90 to $1.00 on Wednesday, indicating short-term firmness in the futures market. Cash trade has not started this week; last week's reported cash sales were $234-235 and $238 late in the southern region. The Wednesday morning Fed Cattle exchange reported no sales on the 1,016 head offered, highlighting limited cash market liquidity and potential basis volatility.
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mildly positive
Sentiment Score
0.20
