Live cattle futures fell $1.80 to $2.47 by the close, with open interest down 4,992 contracts (mostly in the front month). Cash trade started at $247-248 nationwide, down $7-8 versus last week. Overall, downside momentum in both futures and cash markets points to weaker near-term pricing expectations.
Live cattle futures fell $1.80 to $2.47 by the close, with open interest down 4,992 contracts (mostly in the front month). Cash trade started at $247-248 nationwide, down $7-8 versus last week. Overall, downside momentum in both futures and cash markets points to weaker near-term pricing expectations.
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Request DemoOverall Sentiment
mildly negative
Sentiment Score
-0.35
