Live cattle futures rose $2.12 to $4.55 on Tuesday, with open interest increasing by 8,650 contracts, indicating fresh buying interest. Cash trade also opened earlier at stronger levels of $252 live and $395-$396 dressed in the North. Southern trade remained quiet, but the combination of higher futures and firm cash bids points to supportive near-term tone.
Live cattle futures rose $2.12 to $4.55 on Tuesday, with open interest increasing by 8,650 contracts, indicating fresh buying interest. Cash trade also opened earlier at stronger levels of $252 live and $395-$396 dressed in the North. Southern trade remained quiet, but the combination of higher futures and firm cash bids points to supportive near-term tone.
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Request DemoOverall Sentiment
mildly positive
Sentiment Score
0.35
