Live cattle futures are down $1.00 to $1.70 at midday, reflecting near-term pressure in the contract. Open interest rose by 2,405 contracts, while cash trade remains quiet with a few bids reported at $254. No deliveries were issued against June futures on Thursday, and the Friday morning Fed Cattle Exchange remains a key near-term watchpoint.
Live cattle futures are down $1.00 to $1.70 at midday, reflecting near-term pressure in the contract. Open interest rose by 2,405 contracts, while cash trade remains quiet with a few bids reported at $254. No deliveries were issued against June futures on Thursday, and the Friday morning Fed Cattle Exchange remains a key near-term watchpoint.
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Request DemoOverall Sentiment
mildly negative
Sentiment Score
-0.15
