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Market Impact: 0.35

Cattle Extends Losses to Wednesday

Commodities & Raw MaterialsCommodity FuturesMarket Technicals & Flows

Live cattle futures are down another $1.30 to $1.90 at midday, extending losses, with live action reported at $240 so far. Cash trade has not yet fully started this week, while light northern sales of $378-380 dressed are $10-15 lower, signaling ongoing weakness into the next trading session.

Analysis

Live cattle futures are down another $1.30 to $1.90 at midday, extending losses, with live action reported at $240 so far. Cash trade has not yet fully started this week, while light northern sales of $378-380 dressed are $10-15 lower, signaling ongoing weakness into the next trading session.

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Market Sentiment

Overall Sentiment

mildly negative

Sentiment Score

-0.25