Live cattle futures declined $1.45–$1.75 on Wednesday while cash trade has yet to begin this week. The Fed Cattle Exchange online auction reported no sales on 1,024 head offered, with bids at $233–235 live and $369 in the beef, indicating weak demand in the cash market. Feeder cattle futures were reported higher (no magnitude provided).
Live cattle futures declined $1.45–$1.75 on Wednesday while cash trade has yet to begin this week. The Fed Cattle Exchange online auction reported no sales on 1,024 head offered, with bids at $233–235 live and $369 in the beef, indicating weak demand in the cash market. Feeder cattle futures were reported higher (no magnitude provided).
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mildly negative
Sentiment Score
-0.25
