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Austin Schroeder

INSANE: Cattle falling on monday uuqrthhm | Vintage Vibes

Feeder Cattle Live Cattle

Live cattle are down $2.50 to $3, with June slipping 60 cents ahead of expiration on Tuesday. Cash trade saw volume pick up late on Friday to $260 live and $408-410 dressed in the north, with a few sales at $258 in the South. Feeder cattle futures are down $3 to $3.75 at midday. The CME Feeder Cattle Index was down 97 cents on June 24 to $380.89.

Commitment of Traders data showed managed money adding a modest 1,676 contracts to their net long position in live cattle futures and options at 126,025 contracts. In feeder cattle, specs were adding 2,104 contracts to 15,227 contracts.

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