Cattle Holding onto Modest Midday Gains

Live cattle futures are up 32 to 57 cents at midday, while feeder cattle futures are 15 to 80 cents higher. Cash cattle trade this week has centered around $246 nationally, and the Friday morning Fed Cattle Exchange showed $245-246 bids on 558 head with no sales. The update reflects firmer livestock prices and steady cash-market pricing rather than a major new catalyst.

Analysis

Live cattle futures are up 32 to 57 cents at midday, while feeder cattle futures are 15 to 80 cents higher. Cash cattle trade this week has centered around $246 nationally, and the Friday morning Fed Cattle Exchange showed $245-246 bids on 558 head with no sales. The update reflects firmer livestock prices and steady cash-market pricing rather than a major new catalyst.