Live cattle futures rose $0.67 to $1.05 at midday. Cash bids are quoted at $238–242 but cash trade has not started this week; the Fed Cattle exchange reported zero sales on 1,016 head offered with limited bids at $238–239.50. The data point to thin demand/liquidity and potential near-term price volatility in the cattle market.
Live cattle futures rose $0.67 to $1.05 at midday. Cash bids are quoted at $238–242 but cash trade has not started this week; the Fed Cattle exchange reported zero sales on 1,016 head offered with limited bids at $238–239.50. The data point to thin demand/liquidity and potential near-term price volatility in the cattle market.
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neutral
Sentiment Score
0.05
