Cattle Look to Thursday Trade, as Beef Continues Decline

Strong Bearish -83.0

Live cattle futures were down $2.35 to $2.65 across the front months to close out Wednesday. Preliminary open interest showed a rotation of ownership, up just 388 contracts. Cash trade has yet to get kicked off this week. A few Southern sales were being reported at $239 on Wednesday. Wednesday...
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This analysis was generated using Pulse AI, Glideslope's proprietary AI engine designed to interpret market sentiment and economic signals. Results are for informational purposes only and do not constitute financial advice.