Cattle Look to Tuesday After Falling Lower on Monday

Live cattle futures fell 32 cents to $1.27 across the board on Monday, while feeder cattle futures dropped $2.45 to $4.37. The CME Feeder Cattle Index also declined $1.98 to $375.69, despite cash cattle trade holding at $248 across the country last week. The move points to softer short-term pricing in cattle futures and feeder cattle markets.

Analysis

Live cattle futures fell 32 cents to $1.27 across the board on Monday, while feeder cattle futures dropped $2.45 to $4.37. The CME Feeder Cattle Index also declined $1.98 to $375.69, despite cash cattle trade holding at $248 across the country last week. The move points to softer short-term pricing in cattle futures and feeder cattle markets.