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Market Impact: 0.25

Cattle Rally on Tuesday with Cash Strength

Commodity FuturesFutures & OptionsCommodities & Raw MaterialsMarket Technicals & Flows

Live cattle futures rose $2.12 to $4.55, with cash trade starting early at firmer levels of $252 live and $395-$396 dressed in the North. Southern cash trade remained quiet, though a small amount of business was reported at $250-$252. Feeder cattle futures also moved higher, up $1.50 and more, signaling supportive near-term cattle market tone.

Analysis

Live cattle futures rose $2.12 to $4.55, with cash trade starting early at firmer levels of $252 live and $395-$396 dressed in the North. Southern cash trade remained quiet, though a small amount of business was reported at $250-$252. Feeder cattle futures also moved higher, up $1.50 and more, signaling supportive near-term cattle market tone.

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Market Sentiment

Overall Sentiment

mildly positive

Sentiment Score

0.35