Live cattle futures are down 42 cents to $1.15 at midday, reflecting weaker trading in the near term. Cash cattle trade has been limited, with last week’s prices at $260-$265 and the Wednesday Fed Cattle Exchange drawing no sales on 1,008 head despite bids of $253-$255. The tone is cautious as the market waits for clearer cash price discovery.
Live cattle futures are down 42 cents to $1.15 at midday, reflecting weaker trading in the near term. Cash cattle trade has been limited, with last week’s prices at $260-$265 and the Wednesday Fed Cattle Exchange drawing no sales on 1,008 head despite bids of $253-$255. The tone is cautious as the market waits for clearer cash price discovery.
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mildly negative
Sentiment Score
-0.15
