Live cattle futures closed Thursday down $1.67 to $3.45, signaling weaker price action in the cattle market. Cash trade has improved this week, with a few $248 sales in the South, while delivery activity remained elevated with 3 April retenders in Dodge City and 20 deliveries tendered in West Point. The piece is mostly a market update on futures weakness and nearby physical trade flow.
Live cattle futures closed Thursday down $1.67 to $3.45, signaling weaker price action in the cattle market. Cash trade has improved this week, with a few $248 sales in the South, while delivery activity remained elevated with 3 April retenders in Dodge City and 20 deliveries tendered in West Point. The piece is mostly a market update on futures weakness and nearby physical trade flow.
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mildly negative
Sentiment Score
-0.25
