Midday, live cattle futures are steady to 65 cents, while cash prices are $247–$248 nationwide, down $7–$8 from last week. Feeder cattle futures are firmer, up $0.95 to $1.45, but the CME Feeder Cattle Index fell $4.03 on July 9, signaling renewed softness in the underlying cash/feed basis.
Midday, live cattle futures are steady to 65 cents, while cash prices are $247–$248 nationwide, down $7–$8 from last week. Feeder cattle futures are firmer, up $0.95 to $1.45, but the CME Feeder Cattle Index fell $4.03 on July 9, signaling renewed softness in the underlying cash/feed basis.
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mildly negative
Sentiment Score
-0.18
