Cattle Futures Reverse Two-Week Slide

Written By Mike Opperman

An article on Beef Magazine

Cattle futures halted their downward spiral last week, finding what appears to be some consolidative action. Intraday market action was still relatively wide for major consolidation, but some green on the board was welcome after 15 straight trading days with lower closes in live cattle. Live cattle front month August settled the week at $227.075, up $2.650, while the October through February contracts were up $1.725 to $1.800. Feeder cattle front month August settled at $345.325, down $0.625 while the September through January contracts were up $2.100 to $3.850.

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Mike Opperman https://www.blackdirtcommunications.com
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