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Market Impact: 0.15

Cattle Look to New Week of Trade

Commodity FuturesCommodities & Raw MaterialsFutures & OptionsMarket Technicals & FlowsInvestor Sentiment & Positioning

Live cattle futures closed down $3.80 to $4.50 on Friday, though the April contract was up $2.35 on the week. Open interest fell by 3,008 contracts. The move was attributed to pressure from falling equities, with another sharp equity decline flagged as a potential headwind at the open.

Analysis

Live cattle futures closed down $3.80 to $4.50 on Friday, though the April contract was up $2.35 on the week. Open interest fell by 3,008 contracts. The move was attributed to pressure from falling equities, with another sharp equity decline flagged as a potential headwind at the open.

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Market Sentiment

Overall Sentiment

mildly negative

Sentiment Score

-0.20