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Market Impact: 0.35

Cattle Bounce Higher Ahead of Cattle on Feed Report

Commodities & Raw MaterialsCommodity FuturesFutures & OptionsMarket Technicals & FlowsDerivatives & VolatilityInvestor Sentiment & Positioning

Live cattle futures rallied into the close, rising $0.77 to $1.72 on the day and with April contracts $3.15 higher on the week. Cash trade reported late sales at $235–236 in the North and $235 in the South. A Friday morning Fed Cattle Exchange online auction was noted, indicating continued active price discovery in the market.

Analysis

Live cattle futures rallied into the close, rising $0.77 to $1.72 on the day and with April contracts $3.15 higher on the week. Cash trade reported late sales at $235–236 in the North and $235 in the South. A Friday morning Fed Cattle Exchange online auction was noted, indicating continued active price discovery in the market.

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Market Sentiment

Overall Sentiment

mildly positive

Sentiment Score

0.25