NewsSignals AI analysis·Reuters·
CME live cattle futures trade flat ahead of USDA report
Grade Bbearish AI signal$LE1!$FCPO1!$LHZ26
Live cattle futures were flat on Thursday as traders awaited the USDA Cattle on Feed report, while feeder cattle and lean hog futures weakened.
Bullish strength: 40/100
- Stronger cash trade provided support for live cattle futures.
- Analysts expect cattle on feed inventory to be nearly flat year over year.
Bearish strength: 60/100
- Feeder cattle futures fell 2.720 cents to 346.10 cents per pound.
- Wholesale choice and select beef prices declined.
- December lean hog futures hit a contract low of 65.05 cents per pound during the session.
This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.