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Market Impact: 0.28
Cattle Rallying on Monday Following Bullish USDA Data
Source: Nasdaq
Commodity FuturesCommodities & Raw MaterialsFutures & Options
Live cattle futures were up $3.82 to $4.87 at midday, while feeder cattle futures rallied $3.20 to $6.60. Northern cash cattle traded at $350-$355 dressed, with limited live sales at $222-$223 and rumored weekend sales near $225. The CME Feeder Cattle Index declined $0.67, diverging from the strong futures-market advance.
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