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Market Impact: 0.2

Cattle Rally on Tuesday

Commodities & Raw MaterialsCommodity FuturesFutures & OptionsMarket Technicals & Flows

Live cattle futures closed Tuesday up $1.05 to $2.90 across the board, extending a firmer tone in the livestock complex. Cash cattle trade last week was reported at $246-$249 in the South and near $249-$250 in the North, with some cleanup business at $248 in Kansas. Feeder cattle futures also advanced $1.40 to $2.50, indicating broad strength in cattle markets.

Analysis

Live cattle futures closed Tuesday up $1.05 to $2.90 across the board, extending a firmer tone in the livestock complex. Cash cattle trade last week was reported at $246-$249 in the South and near $249-$250 in the North, with some cleanup business at $248 in Kansas. Feeder cattle futures also advanced $1.40 to $2.50, indicating broad strength in cattle markets.

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Market Sentiment

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mildly positive

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