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Cattle Extending Bounce to Wednesday

Commodities & Raw MaterialsFutures & OptionsCommodity FuturesMarket Technicals & Flows

Live cattle futures are trading $2.05 to $2.50 higher at midday, while feeder cattle futures are up $2.10 to $2.60 in the front months. Cash cattle trade has not yet started this week after last week's $256-258 reported levels. The CME Feeder Cattle Index was also higher, indicating firm underlying support in the cattle complex.

Analysis

Live cattle futures are trading $2.05 to $2.50 higher at midday, while feeder cattle futures are up $2.10 to $2.60 in the front months. Cash cattle trade has not yet started this week after last week's $256-258 reported levels. The CME Feeder Cattle Index was also higher, indicating firm underlying support in the cattle complex.

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