Market Overview

Live Cattle Little Higher

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Live Cattle futures are trading a little higher Friday morning. August Cattle is trading at 149.55, up 0.20. October cattle is trading at 152.00, up 0.20. Trading is expected to be very choppy with possible wide ranges.

Market chatter about this afternoon's USDA Monthly Cattle of Feed report is making the rounds. USDA Cold Storage data is due out on Monday.

The USDA reported that weekly beef export sales were 8,800 tons versus the four-week average of 16,900 tons. Export sales for 2015 are down 7.7 percent versus a year ago.

 

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Posted-In: cattleFutures Commodities Markets

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