Live Cattle futures fall
Live Cattle futures fell 57 cents to 226.32 as managed money cut net longs
Oliver Sloup from Blue Line Futures analyzes price action across livestock markets following a mixed trading session. 25. 32. 38, while USDA daily slaughter started the week at 96,000 head.
Sloup highlights ongoing long liquidation in cattle futures, with the latest Commitment of Traders report showing managed money net long positions falling by 2,000 contracts to near 65,000, reaching the lowest level in two years.