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Market Impact: 0.25

Cattle Continue Weakness on Wednesday as Beef Fails to Find Its Footing

Commodities & Raw MaterialsEnergy Markets & PricesFutures & OptionsCommodity FuturesMarket Technicals & Flows

Live cattle futures ended Wednesday with losses of $1.30 to $2.82. Cash activity improved slightly this week with a few northern sales reported at $378-380 dressed and $235-240 live (USDA). Feeder cattle futures were broadly lower, down 47 cents to $2.80 across most contracts, signaling continued weakness in the complex.

Analysis

Live cattle futures ended Wednesday with losses of $1.30 to $2.82. Cash activity improved slightly this week with a few northern sales reported at $378-380 dressed and $235-240 live (USDA). Feeder cattle futures were broadly lower, down 47 cents to $2.80 across most contracts, signaling continued weakness in the complex.

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Market Sentiment

Overall Sentiment

mildly negative

Sentiment Score

-0.20