Live cattle futures rallied $2.55 to $4.80 on Thursday, with expanded daily limits of $12.75 set for today after feeder cattle hit limit gains. Open interest rose just 86 contracts, suggesting a rotation of ownership rather than aggressive new positioning. Cash cattle trade also firmed to $256-$257, supporting the bullish tone.
Live cattle futures rallied $2.55 to $4.80 on Thursday, with expanded daily limits of $12.75 set for today after feeder cattle hit limit gains. Open interest rose just 86 contracts, suggesting a rotation of ownership rather than aggressive new positioning. Cash cattle trade also firmed to $256-$257, supporting the bullish tone.
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Request DemoOverall Sentiment
mildly positive
Sentiment Score
0.45
