Cattle Look to Tuesday Following Monday Gains

Live cattle futures rose between $0.82 and $1.42; open interest increased by 458 contracts. Cash trade was light last week with early sales at $234–235 and a few late southern sales at $238. Feeder cattle futures were up about $1.50, indicating modest bullishness in the cattle complex but no major market-moving development.

Analysis

Live cattle futures rose between $0.82 and $1.42; open interest increased by 458 contracts. Cash trade was light last week with early sales at $234–235 and a few late southern sales at $238. Feeder cattle futures were up about $1.50, indicating modest bullishness in the cattle complex but no major market-moving development.