Cattle Markets Show Positive Outlook with Recent Gains
Monday, 22 July 2024, 14:57
Cattle Futures Performance
Live cattle futures came out of the Cattle on Feed report from Friday with gains of 82 cents to $1.325.
Analysis of Cash Trades
- Last week’s cash trade in the south was noted at $187-$188.50.
- This figure represents a decline of $1 to $0.50 compared to the previous week.
- In the north, cash trade reflected a steady range at $196-$198.
The recent trends indicate a remarkable resilience in cattle markets despite the fluctuations observed in cash trades.
Conclusion
Overall, the ongoing strength in live cattle futures and the stability in cash trading position the cattle markets for potential further growth, suggesting an encouraging environment for feeder cattle.
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.