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Market Impact: 0.2

Cattle Extending Gains on Tuesday

Commodity FuturesCommodities & Raw MaterialsFutures & OptionsMarket Technicals & Flows

Live cattle futures were up $1.30–$1.65 at Tuesday midday, while feeder cattle futures rose $2.95–$3.22. Cash trade has not yet started this week; last week’s cash settled at $234–$235 with $238 reported late in the southern trade. The moves indicate modest short-term bullishness in the cattle complex but are limited in market impact absent active cash-market confirmation.

Analysis

Live cattle futures were up $1.30–$1.65 at Tuesday midday, while feeder cattle futures rose $2.95–$3.22. Cash trade has not yet started this week; last week’s cash settled at $234–$235 with $238 reported late in the southern trade. The moves indicate modest short-term bullishness in the cattle complex but are limited in market impact absent active cash-market confirmation.

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Market Sentiment

Overall Sentiment

mildly positive

Sentiment Score

0.15