Cattle Face Limit Losses in Feeders on Thursday

Live cattle futures fell $3.35 to $5.95 into the Thursday close as cash trade remained limited. Early cash indications showed a few $260 sales in Kansas and $265 in the North, while the Thursday Fed Cattle Exchange auction cleared no sales on 652 head offered. The tone is mildly negative for cattle prices, but the impact appears limited to the livestock futures complex.

Analysis

Live cattle futures fell $3.35 to $5.95 into the Thursday close as cash trade remained limited. Early cash indications showed a few $260 sales in Kansas and $265 in the North, while the Thursday Fed Cattle Exchange auction cleared no sales on 652 head offered. The tone is mildly negative for cattle prices, but the impact appears limited to the livestock futures complex.