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Market Impact: 0.2

Cattle Bounces on Turnaround Tuesday

Commodities & Raw MaterialsCommodity FuturesFutures & OptionsMarket Technicals & Flows

Live cattle futures rose $2.20–$2.80 on the Tuesday close. Cash trade showed $372 dressed reported (down from $380 last week) and $240 live. Feeder cattle futures were higher, up $2.70–$3.55, indicating modest bullishness in cattle forward pricing this session.

Analysis

Live cattle futures rose $2.20–$2.80 on the Tuesday close. Cash trade showed $372 dressed reported (down from $380 last week) and $240 live. Feeder cattle futures were higher, up $2.70–$3.55, indicating modest bullishness in cattle forward pricing this session.

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Market Sentiment

Overall Sentiment

mildly positive

Sentiment Score

0.12