Live cattle futures are down $1.52 to $4.10 at midday, reflecting weaker tone in the cattle complex. Cash trade has been limited after last week's $260-$265 sales, and the Fed Cattle Exchange auction cleared no sales on 652 head offered with bids at $259-$260. The lack of cash confirmation and lower futures suggest near-term pressure on cattle prices.
Live cattle futures are down $1.52 to $4.10 at midday, reflecting weaker tone in the cattle complex. Cash trade has been limited after last week's $260-$265 sales, and the Fed Cattle Exchange auction cleared no sales on 652 head offered with bids at $259-$260. The lack of cash confirmation and lower futures suggest near-term pressure on cattle prices.
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Request DemoOverall Sentiment
mildly negative
Sentiment Score
-0.25
