Cattle Market Insights: Strong Start to the Week Despite Beef Declines
Monday, 22 July 2024, 14:57
Cattle Futures Overview
Live cattle futures have responded positively to Friday's Cattle on Feed report. The market opened with gains of 82 cents, bringing the price to $1.325.
Cash Trade Analysis
- The cash trade in the south was recorded at 187-188.50, which reflects a decrease of $1 to $0.50 compared to the previous week.
- In the northern markets, cattle traded between $196-198, steady yet slightly down by $2.
Conclusion
This stable performance in live cattle indicates resilience within the market, showcasing potential for recovery even amid weaker beef prices.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.