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Market Impact: 0.18

Cattle Look to Close out the Week

Commodity FuturesFutures & OptionsMarket Technicals & FlowsInvestor Sentiment & PositioningCommodities & Raw Materials

Live cattle were steady to $1.40 higher on Thursday, while December futures slipped by 10 cents. Cash trade remained thin, with $260 live and $408 dressed reported in the north on Wednesday and a few Thursday bids at $255. Open interest fell by 503 contracts, pointing to light positioning changes rather than a strong directional move.

Analysis

Live cattle were steady to $1.40 higher on Thursday, while December futures slipped by 10 cents. Cash trade remained thin, with $260 live and $408 dressed reported in the north on Wednesday and a few Thursday bids at $255. Open interest fell by 503 contracts, pointing to light positioning changes rather than a strong directional move.

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