Cattle Close Mixed After Back and Forth Tuesday Trade

Live cattle futures fell 45 cents to $1.07 in nearby contracts, while deferred months gained 17 to 45 cents, indicating mixed trade across the curve. Cash cattle traded last week at $260 to $265 nationwide. Feeder cattle futures were also choppy, with back-and-forth price action and contract moves ranging from around 40 cents lower to higher levels.

Analysis

Live cattle futures fell 45 cents to $1.07 in nearby contracts, while deferred months gained 17 to 45 cents, indicating mixed trade across the curve. Cash cattle traded last week at $260 to $265 nationwide. Feeder cattle futures were also choppy, with back-and-forth price action and contract moves ranging from around 40 cents lower to higher levels.