Live cattle futures are down 60 cents to $1.10 and feeder cattle futures are off 57 cents to $1.62 at midday, reflecting near-term pressure in the livestock complex. Cash cattle trade has not yet developed this week after last week's sales at $258-$260, while the CME Feeder Cattle Index rose $1.88. The article points to weaker futures tone despite firmer index action, but it is primarily a routine market update.
Live cattle futures are down 60 cents to $1.10 and feeder cattle futures are off 57 cents to $1.62 at midday, reflecting near-term pressure in the livestock complex. Cash cattle trade has not yet developed this week after last week's sales at $258-$260, while the CME Feeder Cattle Index rose $1.88. The article points to weaker futures tone despite firmer index action, but it is primarily a routine market update.
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Request DemoOverall Sentiment
mildly negative
Sentiment Score
-0.25
