Live cattle futures are down 97 cents to $1.90, while feeder cattle futures are also lower by 50 cents to $1.25. The Thursday Fed Cattle online auction had no sales on 1,466 head offered, with bids at $254, and cash trade has been slow this week. The tone is softer for cattle markets, but the update is likely a modest price driver rather than a broad market event.
Live cattle futures are down 97 cents to $1.90, while feeder cattle futures are also lower by 50 cents to $1.25. The Thursday Fed Cattle online auction had no sales on 1,466 head offered, with bids at $254, and cash trade has been slow this week. The tone is softer for cattle markets, but the update is likely a modest price driver rather than a broad market event.
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Request DemoOverall Sentiment
moderately negative
Sentiment Score
-0.30
