Live cattle futures were up $0.67 to $1.20 across the nearby contracts at midday. At the Wednesday Fed Cattle Exchange, there were no sales on 1,520 head offered, with only limited bids around $253, while cash bids across the country were reported in the $252–$255 range. Overall, the tape points to modest upward pricing pressure despite thin executed volume.
Live cattle futures were up $0.67 to $1.20 across the nearby contracts at midday. At the Wednesday Fed Cattle Exchange, there were no sales on 1,520 head offered, with only limited bids around $253, while cash bids across the country were reported in the $252–$255 range. Overall, the tape points to modest upward pricing pressure despite thin executed volume.
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mildly positive
Sentiment Score
0.20
