Live cattle futures closed lower, down $2.05 to $2.60 on Thursday, and August fell $6.60 last week. Open interest declined by 827 contracts, while cash trade improved to $403 dressed in the north and $255–256 for live trade; southern live was at $255. Overall, the pullback in futures alongside mixed cash levels points to near-term softness for the complex.
Live cattle futures closed lower, down $2.05 to $2.60 on Thursday, and August fell $6.60 last week. Open interest declined by 827 contracts, while cash trade improved to $403 dressed in the north and $255–256 for live trade; southern live was at $255. Overall, the pullback in futures alongside mixed cash levels points to near-term softness for the complex.
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Request DemoOverall Sentiment
mildly negative
Sentiment Score
-0.25
