Cattle Look to Tuesday Following Monday Gains

Live cattle futures closed up $0.32 at $1.25, while open interest fell by 493 contracts, indicating a rotation of ownership rather than a large new positioning shift. Last week's cash trade recorded $235–236 in the North and $235 in the South. Feeder cattle futures were also firmer, up roughly $0.70, pointing to broad short-term strength in the cattle complex.

Analysis

Live cattle futures closed up $0.32 at $1.25, while open interest fell by 493 contracts, indicating a rotation of ownership rather than a large new positioning shift. Last week's cash trade recorded $235–236 in the North and $235 in the South. Feeder cattle futures were also firmer, up roughly $0.70, pointing to broad short-term strength in the cattle complex.