Live cattle contracts were mostly down 40 cents to $1.42, with June the lone exception up a nickel, while August fell 80 cents last week. Open interest declined by 1,120 contracts, and cash trade improved late Friday to $260 live and $408-$410 dressed in the North. The update points to modest bearish pressure and softer positioning, though the cash market pickup provides some support.
Live cattle contracts were mostly down 40 cents to $1.42, with June the lone exception up a nickel, while August fell 80 cents last week. Open interest declined by 1,120 contracts, and cash trade improved late Friday to $260 live and $408-$410 dressed in the North. The update points to modest bearish pressure and softer positioning, though the cash market pickup provides some support.
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Request DemoOverall Sentiment
mildly negative
Sentiment Score
-0.20
