Live cattle futures were mixed on Friday, ending up 25 cents to $1.02 lower, while June contracts fell $4.60 for the week. Open interest declined by 3,356 contracts, signaling some liquidation, and cash cattle prices eased to $258-$260 late in the week after trading mostly at $260-$265 earlier. The tone is slightly bearish for cattle prices, with weaker cash trade and falling open interest offsetting a modest daily rebound.
Live cattle futures were mixed on Friday, ending up 25 cents to $1.02 lower, while June contracts fell $4.60 for the week. Open interest declined by 3,356 contracts, signaling some liquidation, and cash cattle prices eased to $258-$260 late in the week after trading mostly at $260-$265 earlier. The tone is slightly bearish for cattle prices, with weaker cash trade and falling open interest offsetting a modest daily rebound.
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mildly negative
Sentiment Score
-0.15
