Live cattle futures fell $3.35 to $5.95 lower into the Thursday close as open interest rose by 1,031 contracts, signaling fresh positioning into a weaker tape. June open interest dropped 2,610 contracts while the rest of the board saw rising OI. Cash trade remained limited, with only a few $260 sales in Kansas and $265 quoted, adding to the bearish tone.
Live cattle futures fell $3.35 to $5.95 lower into the Thursday close as open interest rose by 1,031 contracts, signaling fresh positioning into a weaker tape. June open interest dropped 2,610 contracts while the rest of the board saw rising OI. Cash trade remained limited, with only a few $260 sales in Kansas and $265 quoted, adding to the bearish tone.
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Request DemoOverall Sentiment
mildly negative
Sentiment Score
-0.35
