Support in livestock futures is coming from technical buying, easing tariff concerns, and strength in the broader U.S. stock market. Live cattle continue to draw strength from their discount to the cash market, although lower cash trade is still anticipated this week.
It’s a quiet start to the cash cattle market with no packer bids or feedlot asking prices established so far. Traders are eyeing a holiday-shortened week, the upcoming Cattle on Feed report, and weather conditions as producers prepare to turn cows out on pasture.
Hear today from Kyle Bumsted with Allendale breaks down todays trade movement
