Live cattle futures fell 32 cents to $1.27 across the board on Monday, while feeder cattle futures dropped $2.45 to $4.37. The CME Feeder Cattle Index also declined $1.98 to $375.69, and cash cattle trade was reported at $248 last week. The move points to softer cattle prices and a bearish short-term tone in livestock futures.
Live cattle futures fell 32 cents to $1.27 across the board on Monday, while feeder cattle futures dropped $2.45 to $4.37. The CME Feeder Cattle Index also declined $1.98 to $375.69, and cash cattle trade was reported at $248 last week. The move points to softer cattle prices and a bearish short-term tone in livestock futures.
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mildly negative
Sentiment Score
-0.35
