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Cattle Bulls Feeling Lucky on Tuesday

Commodity FuturesCommodities & Raw MaterialsFutures & OptionsMarket Technicals & Flows

Live cattle futures are trading higher, up $1.35 to $1.55, while feeder cattle futures are rallying $3.55 to $4.70 at midday. The CME Feeder Cattle Index declined $1.30 to $357.05 on March 13. Last week's cash trade settled at $234–$236 live, with some dressed sales around $372.

Analysis

Live cattle futures are trading higher, up $1.35 to $1.55, while feeder cattle futures are rallying $3.55 to $4.70 at midday. The CME Feeder Cattle Index declined $1.30 to $357.05 on March 13. Last week's cash trade settled at $234–$236 live, with some dressed sales around $372.

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