Fat Cattle Fall Back on Wednesday, While Feeders Rally Late

Live cattle futures fell 90 cents to $2.52 on the Wednesday session, with cash trade still limited this week. Reported packer business was sparse, with a few $260 sales in Kansas and $265 in the North, while the Fed Cattle Exchange auction cleared no sales on 652 head offered. The tone is mildly negative as weak cash activity and poor auction demand pressure the live cattle market.

Analysis

Live cattle futures fell 90 cents to $2.52 on the Wednesday session, with cash trade still limited this week. Reported packer business was sparse, with a few $260 sales in Kansas and $265 in the North, while the Fed Cattle Exchange auction cleared no sales on 652 head offered. The tone is mildly negative as weak cash activity and poor auction demand pressure the live cattle market.