Cattle Pull Off Lows, Still Fall on Monday

Live cattle futures fell $1.25 to $2 across most contracts, while feeder cattle futures dropped $4.80 to $6.02 and erased nearly $2 of midday losses. Cash cattle trade from last week opened at $250-252 nationally and improved to $256-257, but futures remained under pressure. The move points to weaker near-term sentiment in livestock futures rather than a broader market event.

Analysis

Live cattle futures fell $1.25 to $2 across most contracts, while feeder cattle futures dropped $4.80 to $6.02 and erased nearly $2 of midday losses. Cash cattle trade from last week opened at $250-252 nationally and improved to $256-257, but futures remained under pressure. The move points to weaker near-term sentiment in livestock futures rather than a broader market event.