Live cattle futures settled $1.70 to $3.35 higher across the board, signaling firmer near-term sentiment in the cattle market. Cash trade remains limited, with last week's prices at $260 to $265 nationwide, while the Fed Cattle Exchange online auction saw no sales on 1,008 head offered against bids of $255. The move is supportive for futures, but the lack of confirmed cash trade keeps conviction modest.
Live cattle futures settled $1.70 to $3.35 higher across the board, signaling firmer near-term sentiment in the cattle market. Cash trade remains limited, with last week's prices at $260 to $265 nationwide, while the Fed Cattle Exchange online auction saw no sales on 1,008 head offered against bids of $255. The move is supportive for futures, but the lack of confirmed cash trade keeps conviction modest.
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mildly positive
Sentiment Score
0.15
