Live cattle futures closed Wednesday $1.70 to $3.35 higher across the board, signaling firmer near-term sentiment in the cattle market. Cash trade remains limited, with last week’s deals at $260 to $265 and the Wednesday Fed Cattle Exchange online auction clearing no sales on 1,008 head offered against bids of $255. The move is positive for cattle futures, but the thin cash activity limits broader market conviction.
Live cattle futures closed Wednesday $1.70 to $3.35 higher across the board, signaling firmer near-term sentiment in the cattle market. Cash trade remains limited, with last week’s deals at $260 to $265 and the Wednesday Fed Cattle Exchange online auction clearing no sales on 1,008 head offered against bids of $255. The move is positive for cattle futures, but the thin cash activity limits broader market conviction.
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mildly positive
Sentiment Score
0.15
