Live cattle futures fell $1.05 to $1.30 Friday, with August down a further $0.05 (a nickel) and still down $4.02 for the prior week. Cash prices were $247-248 nationwide, down $7-8 from last week, while open interest dropped 3,470 contracts—consistent with long liquidation. Overall, the setup signals weakening demand/price momentum for the cattle complex near term.
Live cattle futures fell $1.05 to $1.30 Friday, with August down a further $0.05 (a nickel) and still down $4.02 for the prior week. Cash prices were $247-248 nationwide, down $7-8 from last week, while open interest dropped 3,470 contracts—consistent with long liquidation. Overall, the setup signals weakening demand/price momentum for the cattle complex near term.
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mildly negative
Sentiment Score
-0.35
