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Cattle Rounds Out Thursday with Gains

Commodities & Raw MaterialsCommodity FuturesMarket Technicals & FlowsInvestor Sentiment & Positioning

Live cattle were steady to $1.40 higher on Thursday, while December futures were down $0.10. Cash trade was light at $260 live and $408 dressed in the North on Wednesday, with Thursday bids seen at $255 and no sales in the Fed Cattle Exchange online auction. The report points to a quiet, slightly mixed cattle market with limited price discovery.

Analysis

Live cattle were steady to $1.40 higher on Thursday, while December futures were down $0.10. Cash trade was light at $260 live and $408 dressed in the North on Wednesday, with Thursday bids seen at $255 and no sales in the Fed Cattle Exchange online auction. The report points to a quiet, slightly mixed cattle market with limited price discovery.

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