Live cattle futures gained $0.10 to $1.20 across the board on Tuesday, while feeder cattle futures rallied $4.35 to $4.80. Open interest fell by 1,395 contracts, and cash cattle trade has been limited after last week’s $260-$265 sales. The move is supportive for cattle markets, but the update is still mostly routine trading-flow news.
Live cattle futures gained $0.10 to $1.20 across the board on Tuesday, while feeder cattle futures rallied $4.35 to $4.80. Open interest fell by 1,395 contracts, and cash cattle trade has been limited after last week’s $260-$265 sales. The move is supportive for cattle markets, but the update is still mostly routine trading-flow news.
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mildly positive
Sentiment Score
0.25
