After 16 days of going down, CME Live Cattle is flat today, hovering around $170.7

CME Live Cattle trades at $170.7 per pound, after ending yesterday at $170.78.

New United States Core Durable Goods Orders improved upon the previous -0.6% figure while also exceeding analyst expectations with a reading of 0.6%.

The Livestock future's state is reflected by market data as highly important Core Durable Goods Orders data from United States beat analyst expectations of -0.1% with a reading of 0.6%. United States Building Permits came out at 1.50 million, while a consensus of analysts was expecting 1.49 million. United States S&P/CS HPI Composite – 20 n.s.a. (YoY) (Apr) released today at 13:00 UTC with a figure of -1.7, while the previous figure was -1.1.

Live Cattle's upper Bollinger Band® is at $175.11 and the lower is $168.23.

Despite muted price action in CME Live Cattle, chart analysis indicates it is positioned for a bullish run in the short term.

Moreover, United States Crude Oil Inventories is projected to outperform its last figure with 1.42 million, having previously been at -3.83 million. The figure will be published tomorrow at 14:30 UTC. United States Consumer Confidence is projected to outperform its last figure with 104. It previously stood at 102.3; data will be released today at 14:00 UTC. United States New Home Sales (May) will be released today at 14:00 UTC.

Trading mostly sideways for a year. Live Cattle has fallen back around 2.76% from the significant high of $175.62 set 21 days ago.