Cattle Back to Rally Mode on Wednesday

Live cattle futures are up $3.35 to $3.90 on Wednesday, but cash trade remains limited after last week’s $260 to $265 range. The Fed Cattle Exchange online auction cleared no sales on 1,008 head offered, with bids at $255. The tone is mixed-to-neutral as stronger futures are offset by weak cash activity and no成交 at the auction.

Analysis

Live cattle futures are up $3.35 to $3.90 on Wednesday, but cash trade remains limited after last week’s $260 to $265 range. The Fed Cattle Exchange online auction cleared no sales on 1,008 head offered, with bids at $255. The tone is mixed-to-neutral as stronger futures are offset by weak cash activity and no成交 at the auction.