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Market Impact: 0.32

Cattle Extending Losses to Friday

Commodities & Raw MaterialsCommodity FuturesFutures & Options

Live cattle futures are down $0.80 to $1.80 at midday after cash trade opened Thursday at $247–$248 nationwide, about $7–$8 lower than last week. The Friday Fed Cattle Exchange auction cleared $248–$248.50 on 536 of 1,356 head, reinforcing softer pricing sentiment.

Analysis

Live cattle futures are down $0.80 to $1.80 at midday after cash trade opened Thursday at $247–$248 nationwide, about $7–$8 lower than last week. The Friday Fed Cattle Exchange auction cleared $248–$248.50 on 536 of 1,356 head, reinforcing softer pricing sentiment.

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Market Sentiment

Overall Sentiment

mildly negative

Sentiment Score

-0.32

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