Live cattle futures are trading higher, with most contracts up $0.75–$0.95 and the April contract up $2.375 on First Notice Day. Cash cattle trade accelerated last week with sales at $245–$246, up $8–$10 week-over-week. Feeder cattle futures moved lower (contracts down), indicating some divergence between feeder and live cattle markets.
Live cattle futures are trading higher, with most contracts up $0.75–$0.95 and the April contract up $2.375 on First Notice Day. Cash cattle trade accelerated last week with sales at $245–$246, up $8–$10 week-over-week. Feeder cattle futures moved lower (contracts down), indicating some divergence between feeder and live cattle markets.
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mildly positive
Sentiment Score
0.25
