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Market Impact: 0.22

Cattle Ignoring Cash Trade and Falling on Friday

Commodity FuturesFutures & OptionsMarket Technicals & FlowsCommodities & Raw Materials

Live cattle futures are down 97 cents to $1.85 across most contracts, while cash cattle trade has been mostly $256-$260 this week, including southern deals at $256-$258 and northern trade at $258-$260. Dressed bids are being reported around $405. The update points to soft cattle prices and a mildly bearish tone in the livestock futures market.

Analysis

Live cattle futures are down 97 cents to $1.85 across most contracts, while cash cattle trade has been mostly $256-$260 this week, including southern deals at $256-$258 and northern trade at $258-$260. Dressed bids are being reported around $405. The update points to soft cattle prices and a mildly bearish tone in the livestock futures market.

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Market Sentiment

Overall Sentiment

mildly negative

Sentiment Score

-0.15